Hendry gives up long-only investing

Crispin Odey has taken over management of the Dublin-based Odey Pan European fund, which has now been opened up to UK domestic investors. Odey takes over the fund following Hugh Hendry's decision to concentrate solely on hedge funds, while Feras Al-Chalabi takes over the £200m Odey Continental European portfolio. The Pan European fund, which has no performance fee and a 1.5% annual charge, has much in common with Odey's existing global portfolio, Opus, which is ranked first in the International Investment's sister publication, Investment Week's Consistent 50 table. On Continental Europe...