Odey plans global macro Ucits III hedge fund for Bond

Odey Asset Management is preparing to launch a hedge fund for macro strategist Tim Bond, using a similar but more aggressive process to the one he developed on the BarCap RADAR fund.

Bond is running a model portfolio which is likely to be structured as a global macro Ucits III hedge fund. "I am shadow trading to experiment with different kinds of styles. 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. I suppose you could call it absolute return the old fashioned term would be a macro hedge fund," he says. The manager expects to begin talking to investors in the third quarter of this year, with a view to launching t...