Hedge fund Odey loads up on Seadrill as Fredriksen partners bail

Seadrill gets a new major shareholder as hedge fund Odey buys close to 12 million shares in the John Fredriksen-controlled rig operator.

BY MIKAEL HOLTER, BLOOMBERG

Hedge fund Odey Asset Management Group Ltd. loaded up on shares in Seadrill Ltd. just as the biggest investors who helped billionaire John Fredriksen refinance the company jumped ship.

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Seadrill's share surges after new contracts
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John Fredriksen steps down as Seadrill chair after new loss
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