Odey Takes In US$190M In Jan., Feb.

Mar 9 2011 | 12:36pm ET

On the back of strong inflows, Odey Asset Management is mulling a new hedge fund launch.

The London-based firm has taken in US$190 million in new money during the first two months of the year, even though it is "not marketing its funds aggressively," CEO David Stewart told HFMWeek. The inflow for January and February alone amounts to about one-third of the firm's total inflow last year and has it on pace to raise more than the US$1 billion it took in the previous year.

Most of the inflows went to Odey's biggest funds, Odey European, Odey European Macro and a UCITS III-compliant version of the European flagship, Stewart said.

The CEO, who said he is primarily focused on Odey's new wealth management business, added that the firm is on the lookout for new managers who might launch new funds at the firm. Stewart said he has investigated three such potential managers this year.

"Any new hire needs to fit in with the Odey way of running money," he said. "We're not looking for a product for the sake of it."


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this race. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.