Odey to launch UK absolute return vehicle

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...