Odey AM and Brook AM to transfer significantly smaller funds as assets shrink by up to 68%

Investment Week analysis

Cristian Angeloni
clock • 5 min read

The three companies inheriting the vast majority of funds from Odey Asset Management and its subsidiary Brook Asset Management are set to receive much smaller strategies in the wake of the Crispin Odey scandal, according to analysis by Investment Week.

A total of ten funds are set to be transferred to Lancaster Investment Management, SW Mitchell Capital and Green Ash Partners. James Hanbury and full investment team to move from Odey AM subsidiary Brook to Lancaster IM Investment Week analysed data from 7 June 2023, when the FT published its investigation into Crispin Odey's decades of alleged sexual misconduct, until 28 July 2023, when fund manager James Hanbury confirmed he and his investment team would be moving to Lancaster Investment Management and would continue managing the accompanying funds. Lancaster IM will inherit the ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Unit trusts/OEICs

Trustpilot