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Odey AM to restructure 32-year-old hedge fund

Odey AM to restructure 32-year-old hedge fund
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Odey AM in talks to transfer global equity funds to Lancaster Investment Management

Odey AM in talks to transfer global equity funds to Lancaster Investment Management
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Odey Asset Management pushes to restructure funds

Odey Asset Management (OAM) has proposed to restructure two of its key funds, according to letters to investors reviewed by Reuters.

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Odey Asset Management pushes to restructure funds

(Reuters) -Odey Asset Management (OAM) has proposed to restructure two of its key funds, according to letters to investors reviewed by Reuters, as part of efforts to extract founder Crispin Odey from the business after several assault and harassment allegations surfaced against him. The London-based investment firm is planning to switch shareholders' investments in the OEI Mac and Odey European funds to two new funds, which would then be rehoused under a new firm, the letter added. Freddie Neave, who took over managing OEI Mac and Odey European from Crispin Odey three weeks ago, would run the new funds and leave to work at the new firm.

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Odey in Talks With Lancaster Investment to Rehouse Hanbury Funds

Odey in Talks With Lancaster Investment to Rehouse Hanbury Funds
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