(Times Online) Profits and performance fees have plunged again at Odey Asset Management after poorly timed trades and investments pitched the firm into one of the worst years in its history. Profits more than halved from £44.23 million to £18.6 million in the year to April 5, according to the firm’s accounts. This is sharply down from the £84 million of profits that the hedge fund, which was founded by the billionaire Crispin Odey, generated in 2015.
Brexit Bet is a Distant Memory as Odey’s Hedge Fund Suffers
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