Crispin Odey has wiped out years of losses at his Odey European Inc hedge fund so far in 2022 with the fund up 110% since the turn of the year, according to a report by BNN Bloomberg.
The report cites an investor document as revealing that the fund was up 14% alone in May, with this year’s gains coupled with a 54% uplift last year propelling the fund back to a level last seen in 2015.
Having reached its high watermark, the fund can once again begin charging incentive fees.
