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17:16 EDT, 6 January 2021
The flagship hedge fund run by millionaire Tory donor Crispin Odey slumped again in 2020 as the investor tried to revive his flagging fortunes while fighting an indecent assault charge.
The Odey European fund fell 30.5 per cent last year, according to an investor letter seen by Bloomberg, the fifth annual decline in the past six years.
It comes after Odey, a prominent Brexit backer, stepped down from the helm of his firm Odey Asset Management in November as he prepares to defend himself in a historic sex assault trial.
Hedge fund manager Crispin Odey leaves Magistrates Court in London, with wife Nichola Pease, accused of assaulting a young investment banker in the late 1990s