Odey launches Ucits version of European hedge fund

Odey Asset Management is to launch a Ucits version of its flagship European hedge fund strategy.

Odey launches Ucits version of European hedge fund


The Odey Swan fund, scheduled for launch in March, will be the first time retail investors will be to access a long/short strategy managed by Crispin Odey himself.

The daily dealing fund aims to achieve “strong absolute and relative returns” over the long-term, in keeping with the offshore strategy applied to its non-Ucits counterpart which has been operational since 1992.

The fund will be domiciled in Dublin, and will use the euro as a base currency, offering sterling and dollar share classes.

It will focus largely on developed market equities, although it is flexible to invest across all asset classes.

Odey currently manages three Ucits vehicles: the Opus fund, which is a global equity portfolio; Pan European, which is a European equity fund; and equity and bond fund Allegra International. The firm as a whole also manages an additional seven Ucits vehicles, the most recent of which was launched in October 2011.



Latest Stories