Odey launch expects $27m by June

The Odey Latham Global fund has launched with $16.15m (£11.77m) of assets. The fund is a global long/short hedge fund and expects to have a total of about $27m before the end of June.

Mark Latham, investment director, said: 'This is a truly global fund, the universe is 17,000 quoted equities and the process is 'top-down micro'. Proprietary screening systems narrow the field down to a small number of exceptional ideas each day, which we then examine for qualitative factors. For me, the process w