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.