Odey plots UCITS version of flagship European hedge fund strategy

Odey Asset Management is drafting plans for a UCITS version of Crispin Odey's flagship European hedge fund strategy as part of a wider expansion of its range, Investment Week understands.

The launch of the new Dublin-domiciled fund will mark the first time UCITS investors have been able to access a long/short strategy run by Odey himself.  First launched in 1992, the $1.8bn Odey European fund returned 24% last year -  the sixth best hedge fund return globally, according to Bloomberg data. The fund had a tough 2011, shedding 20%, but the vehicle has produced compound annual gross returns of 13.4% since inception, according to figures from Odey. Key stock picks over the past year include Barclays, BSkyB and fellow hedge fund manager Man Group. The latter has endured a...