Wednesday, 27 July 2016
Last updated 12 hours ago
Feb 10 2009 | 12:07pm ET
London-based Odey Asset Management is launching a British-focused UCITs III hedge fund to be managed by James Hanbury.
The fund will hold approximately 35 to 50 positions and can invest up to 20% in Europe and 10 % in exchange traded funds, Professional Adviser reports. Hanbury, who recently joined Odey from hedge fund ZA Capital, will be assisted in the management of the new fund by Crispin Odey, founding partner and chief investment officer of his eponymous firm.
David Stewart, CEO at Odey Asset Management, says the portfolio will combine the investment firm's long-only and long-short expertise.
Odey currently manages US$4 billion.