Odey's Bond Readies Macro Hedge Fund

Mar 22 2011 | 12:00pm ET

When Tim Bond joined Odey Asset Management last year, it was clear his time as a pure analyst would be short. And so it has been: Bond is preparing to launch his first hedge fund at the firm, a global macro vehicle.

The new fund will be similar to the fund he developed during his dozen years at Barclays capital, the multi-asset RADAR fund. But the Odey version, which will be UCITS III-compliant, will be more aggressive than its BarCap predecessor.

Bond is currently managing a model portfolio before beginning fundraising for the vehicle in the third quarter. The as-yet unnamed fund is expected to debut early next year, Investment Week reports.

"I am shadow-trading to experiment with different kinds of styles," Bond told IW. "I want to make sure there is a product that makes some sense rather than replicating what Odey already does."

"It will be the same asset allocation UCITS III-style of product I was running at Barclays," he explained. "I suppose you could call it absolute return; the old-fashioned term would be a macro hedge fund."

Bond said he can seek seed capital from Odey, but would prefer to garner the money from outside investors.


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

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

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.