Welcome to our new website! Let us know what you think..

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

Related Fund Managers

Peter Martin
Peter Martin
8/109 in Mixed Assets - Aggressive (Performance over 3 years) Average Total Return: 37.17%
Michele Ragazzi
Michele Ragazzi
56/81 in Alternative UCITS - Long/Short Equity (Performance over 1 year) Average Total Return: 1.29%
Citywire TV
Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter