(Reuters) Hedge fund manager Crispin Odey lost about 369 million euros (313.03 million pounds) in the year to Nov. 14 despite being one of the biggest financial winners of Britain’s vote to leave the European Union. The Odey European Fund lost 44.1 percent by mid-November, reducing its assets to 468.15 million euros from more than 837 million euros in January, according to investor documents seen by Reuters.
Odey’s fund had been down 29 percent leading up to the Brexit referendum but chalked up a gain of more than 15 percent on the Brexit vote from an allocation to gold and a series of short positions betting on falling share prices.
