Odey’s Only Female Money Manager Posts Gain But It’s Not Enough to Keep Clients
- Brook Global Emerging Market fund’s assets have declined
- Multiple funds at Odey have been gated to rein in withdrawals
The Odey Asset Management offices in London.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Sophia Whitbread, the only female portfolio manager at what used to be Crispin Odey’s investment empire, has been the best performer among her peers in the firm since a crisis engulfed the company earlier this month. But that hasn’t been enough to retain clients.
Whitbread’s Brook Global Emerging Market fund has gained 5% since fresh sexual assault allegations against Odey surfaced in a Financial Times investigation on June 8. Yet the fund’s assets have since dropped by almost 36% to about $64 million as investors pulled their money, according to data compiled by Bloomberg. Her fund is alone is making money during the period among 12 money pools at the firm tracked by Bloomberg.