Odey Asset Management, a London-based investment firm managing US$10 billion of hedge funds, is to expand its network by opening a new US office in New York.
The New York office will be headed by new US sales head Tom Trowbridge, who previously worked for Lombard Odier’s 1798 Investment Strategies Fund as marketing head.
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Trowbridge told in an email that in addition to the flagship global equity long/short hedge fund, which has compounded at 14% over the past 21 years, the firm also offers several funds in European equity and global macro strategies.
Odey Asset Management founder Crispin Odey was quoted by Fortune citing Wall Street Journal interview as saying that four percent growth rates for next year are still achievable in the states.
"The danger is that the stock market has risen 40% over the last year. There is a big element of price-earnings expansion that has come about, which does not go and sit happily with rising long bond rates," Odey added.
Established in 1992, Odey Asset Management has many holdings, with largest being Delta Airlines, Signet Jewellers and Wells Fargo.
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