Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Odey Asset Decreases Stake in Man Group

Jun 24, 2013
Jing Chen

London-based Odey Asset Management is losing its faith in fellow hedge fund firm Man Group.

Reuters reported that Odey has cut its holding in Man, also based in London, to 6.72% last week after the latter’s share price drop nearly 40% over the last month.

Odey, which profited in recent months from its stake in Man, raised its ownership in the hedge fund to 7.37%% last month, according to an earlier eVestment article.

Man, the world’s largest publicly traded hedge fund, experienced a nearly 60% increase in liquidations in the third quarter of 2012. That equates to approximately $2.2 billion in net outflows, compared to $1.4 billion in the second quarter ending on June 30, 2012.

Odey, founded by Crispin Odey, is one of Europe’s richest and best-known hedge fund firms and it manages about $6.9 billion in assets. 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More