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 Wealth makes top fund Ucits compliant

Odey Wealth makes top fund Ucits compliant

Odey Wealth has switched its £266 million CF Odey Portfolio fund to a Ucits structure.

It was formerly a non-Ucits retail scheme (Nurs), meaning it could not be promoted across the European Union.

The old structure did, though, enable the multi-asset fund to invest in a broader range of instruments, including unquoted securities.

But in exchange for giving up this flexibility, which the fund was not in any case using, Odey expects the move to make Portfolio more accessible to investors and also cheaper to run.

‘We would like to point out that we will make no investment changes to the fund and expect a reduction in the ongoing charges of the fund as it will become part of a larger Ucits umbrella structure, sitting alongside the other Odey UK long-only Ucits sub-funds,’ explained manager Peter Martin (pictured).

Martin, AA-rated by Citywire, has generated a return of 39.3% for the fund over the past three years. This compares with 24.9% from the FTSE Apcims Balanced Portfolio index, 13.7% from the ARC Balanced Asset index, and 20.4% from the IMA Mixed Investment 40-85% Shares sector for the same period.

Martin’s joint top holding with Google is the long/short Odey Giano fund, managed by Michele Ragazzi.

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

Peter Martin
Peter Martin
8/105 in Mixed Assets - Aggressive GBP (Performance over 3 years) Average Total Return: 47.69%
Michele Ragazzi
Michele Ragazzi
25/54 in Alternative UCITS - Long/Short Equity (Performance over 3 years) Average Total Return: 28.73%
Citywire TV
Citywire TV
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter