Odey Up 25%

May 29 2013 | 12:03pm ET

Odey Asset Management has returned as much in four-and-a-half months this year as it returned all of last year.

The London-based hedge fund's performance is made all the more impressive as its European Fund rose 24.1% in 2012. But it's done even better through May 14 of this year, returning 25% over the period, ValueWalk reports.

The first half of this month has been particularly strong, as Odey European was up just 16.5% at the end of April. Among the firm's best bets on the year have been shorts against mining companies and a lack of enthusiasm about gold.

Firm founder Crispin Odey told investors on a conference call that he was bullish on the U.S. housing market, and criticized German shareholder policies.

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