Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Odey to launch European long/short equity fund

Odey to launch European long/short equity fund

Odey Asset Management is set to bolster its long/short equity fund range with the launch of a new strategy.

The Odey European Absolute Return fund is set to be overseen by Citywire A-rated manager Feras Al-Chalabi (pictured), who currently runs the Odey Allegra European fund.

The Ucits-compliant fund is currently awaiting regulatory approval but is scheduled to be launched over the next couple of months.

Al-Chalabi will have the potential to take long/short positions across the European equity market. This is likely to have some crossover with Al-Chalabi’s UK-domiciled CF Odey Continental European fund.

This proposed launch would mark the firm's second venture into long/short equity funds over the course of 2013.after it unveiled a Ucits-compliant version of boutique owner Crispin Odey’s Swan fund earlier this year.

The Odey Allegra European EUR fund has returned 50.71% over the three years to the end of September 2013. This compares to a rise of 32.1% by its Citywire benchmark, the MSCI Europe TR EUR, over the same period.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Crispin Odey
Crispin Odey
73/81 in Alternative UCITS - Long/Short Equity (Performance over 1 year) Average Total Return: -6.51%
Feras Al-Chalabi
Feras Al-Chalabi
35/75 in Equity - Europe Excluding UK (Performance over 3 years) Average Total Return: 40.52%
Citywire TV
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter