Odey Wealth Conviction investing for private clients

 

Odey is an independent, partner-owned private client wealth management firm, with a focus on performance and not asset gathering. Unconstrained by fixed asset allocation and benchmarking models, we believe active asset allocation and superior stock picking skills are the primary drivers of positive portfolio returns. Our approach is unique because of our commitment to deliver absolute returns via long-only and long/short strategies. We invest with conviction and recognise that in order to make good returns over the long-term we need to be brave enough to occasionally look foolish in the short-term.

DIVERSIFICATION WITH CONVICTION

Diversification is key and we will consider all asset classes,
all sectors and all regions for clients.

ORIGINAL RESEARCH

Our reputation has been built on original, often contrarian,
research and on our use of asset allocation to build and protect wealth.

STRONG CLIENT RELATIONSHIPS

The relationship with our clients and their professional
advisers is central to our long term success.

ABOUT US

Odey Asset Management LLP was founded by Crispin Odey in 1991 to focus on absolute returns at a time when most fund managers were embracing index relative returns. The Odey team recognised the de-skilling effects of indexation and was determined to keep research and judgment at the heart of the investment process.

In 1992 we launched our flagship European long-only and long-short strategies. We have since established a successful Global strategy, which today is highly rated by many of the world’s leading investment consultants.

Odey Wealth Management (C.I.) Ltd was launched in 2008 followed by Odey Wealth Management (UK) Ltd in October 2010. The Odey group remains independent and partner-owned and, two decades after launch, retains its focus on performance and not asset gathering.

WHY CHOOSE ODEY

Our strength lies in our ability to understand and value risk. This relies both on the skill and determination of our investment team and also the relationship we have with our clients. Most of our competitors avoid unsettling clients but end up paying a high price for this in terms of performance. Clients come to us to embrace risk because the best returns are often made where there is uncertainty. We also:

Focus on performance. Odey’s aim is to perform – our managers are focused on delivering absolute returns across all market environments.

Robust investment philosophy and process. We think and act like ‘owners’ – research and judgement are at the heart of the investment process.

Exceptional investment team. Our focus on investment expertise means we have attracted an experienced pool of talent that is at the core of our success.

In-house research. Research is undertaken by an in-house team of c. 24 independent career analysts continually seeking out new ideas.

Unique approach. The culture at Odey encourages our fund managers to think and act independently, unconstrained by a ‘house view’. As a result, managers are able to focus purely on performance.

Commitment to our clients. Managers invest substantially in the strategies they run, ensuring their interests are precisely aligned with those of our clients.

Informed. Regular conference calls with Crispin Odey

Investors crave information to support the investment decisions being made on their behalf. Those more technical in nature will want the detail, while others will prefer a high level overview to give comfort as to how their strategy is positioned and why. In addition to our regular updates we offer advisers the opportunity to participate in conference calls hosted by Crispin Odey to hear the finer – more technical – detail. Interested? Call the Odey team to find out more +44 (0) 20 7208 1414.

Email Odey to find out more

I set up Odey in 1991 with the  simple aim of making money for  clients. It sounds obvious but you would be amazed how many in our industry think ‘success is not losing money’ for clients. Two decades on and I am proud that today we employ over 100 professionals across our London, New York, Geneva and Guernsey offices and manage £9bn (as at 31 December 2015) and are still as focused on making money as the day we launched.

CRISPIN ODEY

FOUNDER, ODEY WEALTH MANAGEMENT

MEET THE ODEY WEALTH TEAM

RICHARD NEVILLE-ROLFE

RICHARD NEVILLE-ROLFE

Director

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LEE BAILEY

LEE BAILEY

Investment Director

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FAY DALBY

FAY DALBY

Investment Director

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CHARLIE CAMPBELL

CHARLIE CAMPBELL

Investment Director

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JAMES BARTON

JAMES BARTON

Investment Director

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We put your clients first

At the heart of Odey is the client. We work alongside you, their professional adviser, to build trust so that we can take the risks necessary to generate good investment returns. In return we offer transparency, good communication and ultimately – we hope – strong performance.

Our strategy involves developing just a small number of highly engaged professional adviser relationships, operating as their investment partner of choice and working together to achieve the very best outcomes for mutual clients. To arrange a meeting, do get in touch.

Contact the Odey team

PRIVATE CLIENT EXPERTISE

For many years we have seen private clients being offered increasingly poor value; too many firms charging high fees for preserving capital and too few firms able and prepared to take enough risk to generate strong returns. And so in 2008 we extended our investment services to private clients.

Today we are seeking to work with a select number of financial advisory firms to extend this service to their clients; either as a strategic partner to support the delivery of their centralised investment proposition or to add another dimension to their investment offering for a particular client segment. Whichever way you elect to work with Odey you will have the opportunity to tap into our experience at this end of the market and our ability to take risk to help your clients to build wealth.

A UNIQUE APPROACH

In our experience, to generate the best returns portfolio managers need creativity to see opportunities that the market does not, concentrated portfolios to make a good idea count, conviction to buy assets when others are selling and discipline to know what to do when they are wrong.

We give our portfolio managers considerable freedom to invest in any sector, in any region, in any asset class. In return, we require complete transparency so a manager has no hiding place and a liquidity profile that allows a decision to be reversed if it proves wrong. We also ask that our portfolio managers invest substantially in the strategies they run so that their interests are precisely aligned with those of our clients.

IN-HOUSE RESEARCH

Most wealth managers sub-contract portfolio construction to external managers and sub-contract fundamental research to external analysts. As a result, clients are often two or three degrees of separation – and two or three layers of fees – from the decision.

At Odey our fund managers and analysts work in -house. We have around 11 fund managers each with a distinct style and running different strategies and around 24 analysts supporting them with fundamental research. Our team spend their time with policy makers, economists, industrialists, entrepreneurs, consumers, country and sector specialists and company management to build investment cases from the bottom up. Last year we held over 1,000 meetings with companies in which we invest or might invest.

WE’D LOVE TO HEAR FROM YOU

Our team are here to answer any questions you may have about our range of discretionary investment solutions.
Submit an email enquiry via the form below and we’ll respond to your message as soon as we can.