Odey Asset Management intends to launch a UK-focused absolute return fund to be managed by James Hanbury.
The fund will fall under the UCITs III regime and will hold approximately 35-50 positions. It will have the freedom to allocate up to 20% to Europe and 10 % to ETFs. Hanbury recently joined Odey from hedge fund boutique ZA Capital. He will be assisted in the management of the new fund by Crispin Odey, founding partner and CIO of Odey. David Stewart, CEO at Odey Asset Management, says the portfolio will combine the investment firm's long-only and long-short expertise. "Our whole strategy is all about preserving capital and then making returns on top of that. The idea is all about prod...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
