Odey AM profits suffer as performance fee income plunges 60%
Boutique’s management fees rose to £20.2m in the year to 5 April 2022
Boutique’s management fees rose to £20.2m in the year to 5 April 2022
Hedge fund boss was told his ‘good character was intact’ after the March 2021 court case was dismissed
He has teamed up with former colleague Jos Trusted to launch Cusana Capital
COO Tom Richards will depart Crispin Odey’s boutique at the end of June
Year-to-date returns fuelled by manager’s bearish bets against long-dated govvies
Follows resignations of EM manager Rob Marshall-Lee and CEO Tim Pearey
Tim Pearey became sole CEO in November 2020 months after Odey was accused, and acquitted, of an alleged indecent assault
He leaves a year after launching first strategy under Odey subsidiary
David Fletcher to stay on as a senior adviser to Crispin Odey’s $2.9bn hedge fund firm
Firm’s founder Crispin Odey is not among the 17 executives who were part of a partnership pay plan
Funds managed by Crispin Odey himself have retained the ‘Odey’ moniker
Sophia Whitbread reunited with long-time Newton colleague Rob Marshall-Lee who was poached for Brook AM last November