Odey Steps Down From Running His Firm to Focus on Funds
- Crispin Odey will manage new fund focused on higher inflation
- Firm will create a new unit called Brook Asset Management
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Crispin Odey, one of the U.K.’s most bearish hedge fund managers, is stepping down from running his eponymous firm and rebranding several funds as he fights an indecent assault charge.
His London-based Odey Asset Management plans to create a new unit called Brook Asset Management to house the group of renamed funds, according to a statement Tuesday. Odey, 61, will now focus solely on managing client money and will start a new fund betting on higher inflation.