Odey Asset Management has shed three more partners, including its head of research and a portfolio manager.
Massey Roborough, Tim Bond and Simon Schafer are the latest senior staffers to depart the business, according to filings from Companies House.
They join emerging markets manager Rob Marshall-Lee, who left Brook Asset Management, Odey’s subsidiary business, after less than one year, and CEO Tim Pearey, who resigned in March after two decades at the business.
The filings show Roborough, Bond and Schafer were also terminated as members in March. Their departures bring the total number of partners at the firm down to 12.
Roborough joined the business in 2005 as a senior analyst specialising in technology, engineering and growth stocks before becoming head of research. He has since moved on to Caxton Associates where he is head of global equities, according to his Linkedin profile.
Bond left the business not long after the closure of his Odyssey fund toward the back end of 2021. Prior to Odey AM, he spent 12 years as a managing director at Barclays Capital, where he was global head of asset allocation and chief adviser to the bank’s Radar fund.
Schafer was poached by Odey AM from Goldman Sachs in 2014 as a global technology, media and telecom (TMT) analyst. He was promoted to partner in 2019.
Odey AM declined to comment.
The hedge fund boutique saw profits nearly quintuple from £8.3m to £39.7m in the year to 5 April 2021, after raking in £39.8m in performance fees, a 4,341% spike from the £896k generated in 2020.
Last month, founder Crispin Odey (pictured) revealed he had doubled his money on a controversial punt on Anglo-Russian miner Polymetal.
