Odey Asset Management expands global equities capability

October 22nd, 2009
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Contributed by: Emerging Manager Focus
Odey Asset Management is continuing its investment in quality fund managers with the appointment of Simon Todd and Michael Nickson to run the group's Global Equities strategy. The pair managed more than $20bn at leading US asset manager MFS Investment Management, and have built a strong performance record in Global and European equities.

Simon Todd invested across various Global and European strategies at MFS, compounding returns 4-7% ahead of the indices. He trained at Phillips & Drew, having joined the company from KPMG.

His colleague Michael Nickson, who trained at Goldman Sachs, worked alongside Simon on his European strategies and co-managed MFS’ international research funds with responsibility for utilities, capital goods and financials.

Simon Todd commented: "We are delighted to be joining Crispin and his team. We share common values and goals and feel our investment style will best flourish in an environment like the one Crispin has carefully cultivated over the years. We are incredibly performance-focused, and Crispin's drive to make money for clients rather than simply asset gathering is something which greatly appeals."

The duo will kick off by managing a new unconstrained global equities long-only fund, the Odey Global Allegra Fund. The new fund will be part of the group's Allegra range which includes the £204.17m Allegra European Fund and the £658.81m Allegra International.

Crispin Odey, founder of Odey Asset Management, commented on the appointments: “This is a very successful team and we firmly believe that by giving them much less money to manage than in their former roles, it will give them an even greater opportunity to perform. We continue to invest in new talent at Odey to strengthen the team and build the business and now have a team of more than 30 investment professionals of whom we are very proud."
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For Detailed Investor Profiles on these Investors, click below:
Odey Asset Management
Related People: Crispin Odey; Feras Al-Chalabi; James Hanbury; Michele Ragazzi; Nicholas Carn; Vijaya Subramanian
Related Entities: CF Odey Opus Fund; Giano Capital; Odey Allegra European Fund; Odey Asia Fund; Odey Capital Strategies Fund; Odey European Inc; Odey Pan European Fund; Odey Wealth Management; OEI MAC Inc
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Resources and Featured Partner News


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