Odey Asset Management has continued its promotion push by adding two partners to its ranks.
Filings from Companies House show Sebastien Letellier and Tom Richards have become partners in Crispin Odey’s (pictured) $5bn (£3.9bn) investment boutique.
Letellier has been with Odey Asset Management for more than seven years, starting off as a trader in March 2013 and eventually becoming head of trading in April 2018. Prior to joining the firm he managed a $300m hedge fund at Northwood Capital and before that a $6bn global long bias strategy at Ecofin.
Richards has been the firm’s chief operating officer for a little over two years. He has been with the business for a decade, joining in June 2010 as a group financial controller, before becoming a finance director in June 2015. Before that he was a manager in restructuring at KPMG for five years.
The appointments, effective from 1 June, bring the total number of partners to 18. They follow a trio of partner promotions from earlier this year, including James Kostoris, who is an investment director working with UK intermediaries and institutions.
Odey Asset Management saw two partners depart last summer, among them Michele Ragazzi who exited to launch his own firm.
Odey’s boutique was among a handful of asset managers that saw profits surge in 2019, thanks to a bumper year for the eponymous manager’s flagship European fund which saw performance fees skyrocket 3,000%.
In March Odey revealed he had raked in £115m from his short bets during the coronavirus sell-0ff.
