Odey AM 'in talks' to transfer global equity funds to Lancaster Investment Management
Fund manager James Hanbury would transfer alongside the funds
Michael Ede, COO and CFO at Odey AM, said in an investor letter seen by Investment Week that fund manager James Hanbury would also transfer to the investment management company under the deal.
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The funds in question are the LF Brook Absolute Return, Brook Absolute Return (IRL), Brook Developed Markets, Brook Absolute Return Focus, and LF Odey Opus.
The LF Brook Absolute Return and Brook Developed Markets funds were among the first funds to be suspended following the FT investigation into decades of alleged sexual misconduct against founder Crispin Odey.
Ede added the discussions are subject to board, authorised corporate director and regulatory approvals, and that «similar discussions are ongoing in relation to other funds managed by [Odey AM] and we will provide further updates about all funds in due course».
Last week, Odey AM also announced it was in advanced talks to transfer its European equity funds to boutique SW Mitchell Capital.
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