Odey Asset Management will launch its fourth long/short hedge fund at the end of September, a pan- European vehicle to be managed by Hugh Hendry.
The new fund, Odey Eclectica, will be run with a model asset allocation of 80% UK equities and 20% European equities. It will be managed in a similar vein to Crispin Odey's long/short Odey European Inc, on which Hendry is deputy manager.
Odey European Inc, launched 11 years ago, is now soft closing. The fund has $330m in assets and will be closed to new