Odey Asset Management to wind down business

Follows closure of subsidiaries

Odey Asset Management has begun the process of winding down the business, the company has stated on its website.

The move follows the closure and/or rehousing of its funds alongside their respective managers as well as the winding down of its former subsidiaries Brook Asset Management and Odey Wealth Management UK and Channel Islands. On its website, the company stated: "Odey Asset Management, including Brook Asset Management and Odey Wealth, will be closing. Fund managers and funds have moved to new asset managers." Brook Asset Management begins wind-up process In terms of moves and closures, the Brook Global Emerging Markets fund, managed by Sophia Whitbread and Mathieu Rachmaninoff, and th...