Crispin Odey's flagship €1.8 billion hedge fund remains down by more than 10% this year, after fresh losses in October undid the gains of late summer.

According to the UK hedge fund manager's latest report to investors, seen by Financial News, the Cayman-domiciled Odey European Fund registered a 5.6% loss over the month, leaving it down 10.3% for the year to October 31.