Odey Adds Fund Of Funds Group

Jun 17 2008 | 2:00am ET

Odey Asset Management may be getting out of the Japanese hedge fund business, but it is getting into the fund of hedge funds business.

Odey Wealth will run a new vehicle, Odey Opportunity, that draws on the ideas of the firm’s founder and chief investment officer, Crispin Odey. In addition to the fund of funds, it will also manage segregated accounts.

London-based Odey has hired a pair of executives from Credit Suisse to head the new Guernsey, Channel Islands-based division. Geoff Marson and Shaun le Messurier joined Odey in January from Credit Suisse’s private client business. Marson was head of investments in Guernsey, and Le Messurier was vice president in charge of hedge fund selection.

Last week, Odey announced it had liquidated its Japan & General Fund, which had been beset by heavy losses and huge redemptions.

RELATED STORIES

Odey Shutters Credit Crunch-Battered Japan Fund


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...