Who we are
Odey Asset Management LLP was founded in 1991 by Crispin Odey to focus on absolute returns at a time when most fund managers were embracing index relative returns. The Odey team recognised the de-skilling effects of indexation and was determined to keep research and judgement at the heart of the investment process.
Odey launched its flagship European long-only and long-short strategies in 1992. It has since established a successful Global strategy and today is top-rated by many of the world’s leading investment consultants.
Odey Wealth Management (C.I.) Ltd was launched in 2008 to manage portfolios for offshore private clients by combining Odey’s proven asset allocation skills with the portfolio construction expertise of our team in Guernsey. In October 2010, Odey Wealth Management (UK) Ltd opened its doors to bring that same expertise to UK residents.
Odey remains independent and partner-owned and, two decades after launch, retains its focus on performance and not asset gathering.
What we do
We made our name putting performance first.
Odey has an exceptional record using original and often contrarian research to build and protect capital for clients. Odey’s central belief is that good investment management requires creativity, conviction, accountability and transparency.
Odey believes that asset allocation is the primary driver of portfolio returns. Many investment managers share this belief, but few have the courage of their convictions and most will maintain a portfolio asset allocation that is close to a benchmark.
Odey believes that investors should pay a manager to make difficult decisions on their behalf. This is especially true of asset allocation decisions which are the primary drivers of returns. Considerable time and effort is devoted to identifying the major themes and trends with financial markets and portfolios are positioned accordingly.
There is an understanding that the greatest returns are made from investing ahead of the crowd so the emphasis of our research is to identify themes ahead of the market and to overweight those ideas with the most upside potential based on valuation. Understanding what the market is discounting is also important in building a margin of safety into any of the investment themes we undertake.