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Odey Asset Invests in Biopharmaceutical Company

Mar 16, 2014
Jing Chen

What is Odey Asset Management, one of Europe’s richest and best-known hedge fund firms, investing in?

U.K. news outlet The Telegraph reported that London-based Odey has bought a $116 million stake in Circassia Pharmaceuticals, a  that specializes in treating allergies. The hedge fund is now a 12% shareholder in Circassia.

Hedge fund firms, such as Lansdowne Partners, Invesco Asset Management, are also investors in Circassia.

Odey, founded by Crispin Odey, manages about $12.2 billion in assets.

 

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