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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR