Odey global launch

Odey Asset Management has launched the Odey Latham Global fund with $16.15m of new money from investors including insurance institutions, funds of funds and private individuals. Domiciled in the Cayman Islands and listed on the Dublin Stock Exchange, the portfolio is a global long/short equity hedge fund. Its emphasis is on risk control then absolute return, which has negative correlation with its indices and peer groups. Mark Latham, investment director, said: 'This is a truly global fund. The universe is 17,000 quoted equities and the process is 'top-down micro'. 'Proprietary scre...