Odey Asset Management
Odey Asset Management was a London-based hedge fund manager founded in 1991, once running ~£13bn AUM for institutional and HNW clients, which collapsed in October 2023 and is now winding down with funds transferred to successor managers.
- Company typePrivate
- Founded1991
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Odey Asset Management does
Odey Asset Management was a London-based hedge fund manager founded in 1991 by Crispin Odey. At its peak, the firm managed approximately £13 billion in assets under management across multiple strategies including absolute return, European equity, developed markets, and special situations funds, serving institutional investors, private banks, and high-net-worth individuals. The group operated through several entities: Odey Asset Management LLP (the core FCA-regulated hedge fund), Brook Asset Management (its trading name), and Odey Wealth Management operations in both the UK and the Channel Islands.
The firm's fund lineup was organized around individual portfolio managers running distinct strategies — James Hanbury and Jamie Grimston (absolute return), Oliver Kelton (European equities), Freddie Neave (European inc.), Geoffrey Marson (opportunities), Adrian Courtenay (special situations), Sophia Whitbread and Mathieu Rachmaninoff (emerging markets), and Peter Martin (multi-strategy portfolio). Revenue mechanics would have followed standard hedge fund economics: a management fee on AUM plus a performance fee on returns above a high-water mark, with carry-based economics flowing primarily to Crispin Odey, who owned 98.5% of the firm.
In October 2023 the firm collapsed following public allegations of sexual misconduct against founder Crispin Odey. An internal investigation identified at least 46 allegations of inappropriate conduct over a 17-year period. Investors withdrew capital and prime brokers severed ties; the FCA subsequently imposed a £1.8 million fine and a lifetime industry ban on Odey (currently under appeal at the Upper Tribunal). On 19 December 2023 Odey Asset Management issued a formal winding-down statement, and all funds have since been transferred to successor managers including Lancaster Investment Management, S.W. Mitchell Capital, Bainbridge Partners, Canaccord Genuity (Guernsey), and Green Ash Partners. The firm has no active operations.
Odey Asset Management firmographics
Firmographics- Name
- Odey Asset Management
- Legal name
- Odey Asset Management LLP
- Website
- http://www.odey.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Closed
- Headcount range
- 11–50 employees
- Short description
- Odey Asset Management was a London-based hedge fund manager founded in 1991, once running ~£13bn AUM for institutional and HNW clients, which collapsed in October 2023 and is now winding down with funds transferred to successor managers.
- Ownership category
- akta.pro rank
Odey Asset Management industry classification
Industry- Product category
- Hedge Fund Management
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Multi-Strategy Hedge Fund of Funds (FSAHAKAA)
- akta.pro secondary industries
- Recapitalizations & Liability Management (Tender/Buybacks, Refinancing) (FSAHACAI), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)
Keywords
Where Odey Asset Management is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Odey Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Technology or R&D
Distribution channels5 records
Odey Asset Management product offering
Product offeringCore offering
Odey Asset Management was a London-based hedge fund firm managing approximately £13 billion in assets through multiple fund strategies including absolute return, developed markets, European equity, and special situations funds, serving institutional investors, private banks, and high-net-worth individuals. The firm operated through Odey Asset Management LLP (the FCA-regulated core hedge fund), its trading name Brook Asset Management, and wealth management entities in the UK and Channel Islands. The firm collapsed in late 2023 and is in the process of winding down, with all funds transferred to successor asset managers.
Product overview
Odey Asset Management was a hedge fund and wealth management firm consisting of Odey Asset Management LLP (the core hedge fund entity), Brook Asset Management (its trading name), and Odey Wealth Management operations in the UK and Channel Islands. The firm managed approximately £13 billion in assets across multiple fund strategies including absolute return, developed markets, European equity, and special situations funds. Following regulatory action and misconduct allegations, the firm collapsed and is currently in the process of winding down, with all funds transferred to other asset managers including Lancaster Investment Management, S.W. Mitchell Capital, Bainbridge Partners, and Canaccord Genuity.
Differentiator
Problem solved
Functional benefit
Products and services
- LF Brook Absolute Return Fund An absolute return fund managed by James Hanbury and Jamie Grimston, transferred to Lancaster Investment Management following the firm's winding down.
- Brook Absolute Return IRL Fund An Ireland-domiciled absolute return fund managed by James Hanbury and Jamie Grimston, transferred to Lancaster Investment Management.
- Brook Developed Markets Fund A developed markets equity fund managed by James Hanbury and Jamie Grimston, transferred to Lancaster Investment Management.
- Brook Absolute Return Focus Fund A focused absolute return strategy fund managed by James Hanbury and Jamie Grimston, transferred to Lancaster Investment Management.
- LF Odey Opus Fund A fund managed by James Hanbury and Jamie Grimston, transferred to Lancaster Investment Management.
- Brook European Focus Fund A European-focused equity fund managed by Oliver Kelton, transferred to S.W. Mitchell Capital.
- LF Brook Continental European Fund A continental European equity fund managed by Oliver Kelton, transferred to S.W. Mitchell Capital.
- Brook European Focus Absolute Return Fund A European absolute return strategy fund managed by Oliver Kelton, transferred to S.W. Mitchell Capital.
- Odey Pan European Fund A pan-European equity fund managed by Oliver Kelton, transferred to S.W. Mitchell Capital.
- Odey European Inc. A fund managed by Freddie Neave, being consolidated into a new fund at Bainbridge Partners for opted-in investors.
- OEI Mac A fund managed by Freddie Neave, being consolidated into a new fund at Bainbridge Partners for opted-in investors.
- Odey Opportunity Fund An opportunity-focused fund managed by Geoffrey Marson, transferred to Canaccord Genuity in Guernsey.
- Odey Special Situations Fund A special situations fund managed by Adrian Courtenay, transferred to Green Ash Partners.
- Odey Wealth Management (UK) Service A UK wealth management service offered by Odey Wealth Management UK Ltd, FCA-authorised and regulated, with investor funds being returned or transferred during the winding down process.
- Odey Wealth Management (Channel Islands) Service A Channel Islands wealth management service offered by Odey Wealth Management C.I. Ltd, licensed by the Guernsey Financial Services Commission, with investor funds being returned or transferred during the winding down process.
Companies that use Odey Asset Management
Customer profileIdeal customer profiles2 records
Odey Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Odey Asset Management partnerships and signals
Strategic signalScale indicators4 records
Recent moves1 record
Odey Asset Management competitors and assessment
Company assessmentDirect peers
- Egerton Capital: London-based long/short equity hedge fund serving a similar institutional and family-office client base with concentrated European and global equity strategies analogous to Odey's European and developed-markets funds.
- Cheyne Capital Management: London-based multi-strategy hedge fund with credit, special situations, and equity strategies that overlapped with Odey's Special Situations Fund and broader multi-manager fund lineup serving institutional clients.
- Winton Group: London-based systematic and discretionary hedge fund manager whose institutional investor base, AUM scale, and absolute-return philosophy closely mirror Odey's positioning in the UK hedge fund ecosystem.
- Caxton Associates: London-influenced global macro and multi-strategy hedge fund whose discretionary macro style and institutional client base directly paralleled the core Odey macro franchise.
- Rokos Capital Management: London-based discretionary macro hedge fund founded by former Brevan Howard partners, operating as a direct peer in the European macro hedge fund competitive set where Odey was historically prominent.
- Brevan Howard Asset Management: London-based multi-strategy macro hedge fund founded by former colleagues of Crispin Odey and historically compared head-to-head with OAM as a top-tier European macro shop serving institutional and HNW clients with absolute-return mandates.
- Capula Investment Management: London-based multi-strategy hedge fund focusing on fixed income, credit, and macro strategies with a similar institutional client mix and absolute-return fund structure to Odey's multi-manager platform.
- Lansdowne Partners: London-based long/short equity hedge fund with a comparable institutional LP base, European focus, and absolute-return fund structure overlapping with Odey's European and developed-markets offerings.
Broad incumbents
- Marshal Wace: London-based hedge fund manager operating long/short equity and merger-arb strategies with an institutional LP base comparable to Odey's, and a comparable scale of regulated UK fund management.
- Man Group: London-listed alternative asset manager combining systematic and discretionary multi-strategy hedge fund platforms (AHL, GLG, Numeric) with broad investment capabilities that overlap significantly with Odey's multi-manager, multi-strategy model serving institutional investors.
Market position
Strengths2 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights3 records
Customer concentration
Odey Asset Management social profiles
Digital presenceOdey Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Odey Asset Management leadership team
Management profileNumber of profiles
Odey Asset Management subsidiaries and ownership
Company hierarchySubsidiaries1 record
Odey Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Odey Asset Management M&A and investment
M&A and investmentM&A
Investments9 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Odey Asset Management
What does Odey Asset Management do?
Odey Asset Management was a London-based hedge fund firm managing approximately £13 billion in assets through multiple fund strategies including absolute return, developed markets, European equity, and special situations funds, serving institutional investors, private banks, and high-net-worth individuals. The firm operated through Odey Asset Management LLP (the FCA-regulated core hedge fund), its trading name Brook Asset Management, and wealth management entities in the UK and Channel Islands. The firm collapsed in late 2023 and is in the process of winding down, with all funds transferred to successor asset managers.
Is Odey Asset Management a public or private company?
Odey Asset Management is a private company. It is classified as founder individual operated bootstrapped and is currently closed.
When was Odey Asset Management founded?
Odey Asset Management was founded in 1991. It employs 11 to 50 people.
Where is Odey Asset Management based?
Odey Asset Management is headquartered in London, United Kingdom, in the Europe region.
Who are Odey Asset Management's main competitors?
Direct peers on record are Egerton Capital, Cheyne Capital Management, Winton Group, Caxton Associates, Rokos Capital Management, Brevan Howard Asset Management, Capula Investment Management and Lansdowne Partners. Broad incumbents are Marshal Wace and Man Group.
Does Odey Asset Management have an API?
No public API is recorded for Odey Asset Management.
What industry is Odey Asset Management in?
Odey Asset Management's product category is Hedge Fund Management. Its primary akta.pro industry code is FSAHAKAA, Multi-Strategy Hedge Fund of Funds, with a secondary code of FSAHACAI, Recapitalizations & Liability Management (Tender/Buybacks, Refinancing). Its NAICS code is 52394 and its SIC code is 6282.