Threadneedle Loses Crescendo Manager O’Dea

Oct 29 2008 | 1:57am ET

Threadneedle Investments is losing the manager of its European Crescendo hedge fund at the end of the year.

Darrel O’Dea, who has managed the European long/short equities fund since its inception in 2000, is reportedly taking a break from money management. The fund, which has enjoyed a 6.6% annualized return, is, like many of its peers, suffering through a difficult year. It is down 11.4% in 2008 after shedding 4.3% in the third quarter.

O’Dea will assist new manager Paul Doyle through the end of the year, with Doyle formally assuming command in November. Like O’Dea, Doyle has worked on the fund since its launch. William Davies, head of European equities at Threadneedle, will serve as deputy fund manager.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of