Odey AM 'in talks' to transfer global equity funds to Lancaster Investment Management

James Hanbury also transfer

Odey Asset Management has said it is in “advanced talks” to transfer its five global equity funds to Lancaster Investment Management.

Michael Ede, COO and CFO at Odey AM, said in an investor letter seen by Investment Week that fund manager James Hanbury would also transfer to the investment management company under the deal. LF Odey Portfolio fund to be wound up The funds in question are the LF Brook Absolute Return, Brook Absolute Return (IRL), Brook Developed Markets, Brook Absolute Return Focus, and LF Odey Opus. The LF Brook Absolute Return and Brook Developed Markets funds were among the first funds to be suspended following the FT investigation into decades of alleged sexual misconduct against founder Crisp...