Odey AM launches new fund for Crispin as founder steps back from company's helm

Will be 'focusing on investment'

Crispin Odey, founding partner of hedge fund firm Odey Asset Management, will take the helm of a newly-launched fund aiming to protect against inflation as he steps down from running the business after three decades.

The manager, who heads up a further six funds including LF Odey Opus, Odey European Inc and Odey Swan, said he wants to "focus entirely on running his funds" rather than managing the wider business. His new vehicle will be entitled the Odey Inflation fund, and will aim to protect capital against prospects of "much higher inflation". Amid the changes, Odey AM has created a new range of funds entitled ‘Brook', which will initially comprise of a number of renamed existing funds over the coming weeks. Subject to regulatory approval, the new entity will be called Brook Asset Management and wi...