Odey Asset Management has launched a new balanced managed product as the group continues to develop its wealth management proposition.
The UK-domiciled CF Odey Portfolio fund is a Nurs-structured Oeic, which Odey CEO David Stewart says will move “aggressively” across the asset classes. Run by Peter Martin, the former Rothschild Private Management CIO, Odey plans to offer the fund through its traditional distribution channels. Odey has a similar strategy, run by Geoff Marson and Shaun Le Messurier, for its Guernsey-based wealth management operation. Stewart says CF Odey Portfolio has about £15m under management and he expects this to grow to about £25m in a month’s time. “We believe this strategy is a sensible w...
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