Investments  

Odey Asset Management funds transferred to new firms

Odey Asset Management funds transferred to new firms
Odey Asset Management is winding down its wealth management business after its founder was accused of sexual misconduct. (Chris Ratcliffe/Bloomberg)

Odey Asset Management has transferred the Odey Opportunity fund and its manager Geoffrey Marson to Canaccord Genuity.

It is one of a number of transfers and comes after the firm said it would wind down its wealth management business, amid allegations of sexual misconduct against its founder Crispin Odey. 

While Odey Asset Management did not comment on the move, it is confirmed on a post on its website. 

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Marson’s LinkedIn profile shows he moved to Canaccord Genuity this month. 

He wrote: “I have recently joined Canaccord Genuity Wealth Management in St Peter Port, where my principal role is to serve as lead fund manager for the Canaccord Genuity Dynamic Fund (formerly the Odey Opportunity Fund), which was taken over from my previous employer Odey Wealth Management in 2023.

“[The fund] is a multi-asset portfolio, whose primary investment objective is split evenly between capital growth and capital preservation.

“The fund has a 15-year track record during which time I have generated outstanding risk-adjusted returns and attracted peak AUM of $300mn.

"My hallmark has been to deliver consistent absolute returns with low levels of volatility for private clients and institutions."

Odey’s website also shows James Hanbury and Jamie Grimston have moved to Lancaster Investment Management with their funds. 

While Oliver Kelton and his funds have moved to S.W. Mitchell Capital.

Elsewhere in the business, the LF Odey Portfolio Fund has closed and the Odey Swan Fund is in the process of closing.

tara.o'connor@ft.com

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