Odey Asset Management
| Crispin Odey | |
|---|---|
| Born |
31 January 1959 Yorkshire, England |
| Residence | London, England |
| Nationality | British |
| Alma mater | Christ Church, Oxford |
| Occupation | Investor, Fund manager |
| Net worth | GBP £1.1 billion (jointly with wife, April 2015) |
| Spouse(s) | Nichola Pease |
| Website | https://www.odey.com/ |
Crispin Odey (born 12 October 1959) is a London-based hedge fund manager and the founding partner of Odey Asset Management. In April 2011 the firm had $6.5 to $7 billion under management, with Odey personally running $4 billion of assets.
Odey was born in east Yorkshire. He was educated at Harrow School, where his father had been head boy, and graduated from Christ Church, Oxford in 1980 with a degree in history and economics. After university he qualified as a barrister but instead joined Framlington fund managers, leaving to work for Barings International where he managed the Baring European Growth Trust. He ran continental European pension funds at Barings and at Framlington.
Odey founded Odey Asset Management in 1991.George Soros was one of the original investors, seeding Odey $150 million. He suffered large losses in 1994 when the Federal Reserve unexpectedly lifted interest rates (one of his funds lost 44 per cent of its value), but went on to thrive, for instance by foreseeing that the value of insurers would rise after the September 11 attacks on New York in 2001.
Through the early part of the 2000s Odey worked closely with Hugh Hendry, whom he had recruited and who ran Odey's top performing Continental Europe Fund. Hendry left in 2005 to establish Eclectica Asset Management. In reference to Hendry, Odey himself said: "Odey in the 1990s was a one-man band; Odey in the 2000s was a two-man band."
Odey came to wide attention in 2008 when he paid himself £28 million after successfully anticipating the credit crunch. That year his return was 54.8 per cent. He had been bearish about the position of banks for a number of years, shorting Bradford & Bingley as early as 2005, questioning the German landesbanks and warning consistently about the dangers of debt and inflated house prices. He continued his short positions into early 2009 but in April took longer positions as he predicted the market rally of that year.The Times newspaper selected Odey as a "Business Big Shot" in 2008.
...
Wikipedia