Odey Asset Management Information

Established in 1991, Odey Asset Management is one of Europe's longest standing long/short fund managers. Odey manages over $4.9bn, including eight hedge funds, segregated pension accounts, and a number of retail funds. Odey Asset Management manages risk as well as reward for its client portfolios, which tend not to reflect the market indexes, but outperform the market over the long haul. Odey's fund managers are experts in both fundamental and technical analysis and aim to take sensible positions often against the general consensus of the investment community, where risks are often considered calculable and explicable. With this kind of credential, Oday is well poised to help your assets grow.

OAM, as they are often abbreviated, is not limited to any single style such as "growth," "value," or "technical." They are pragmatic and picking the right style at the right time is fundamental to their process.OAM is not looking for a single perfect idea. They look for a variety of separate investments where, in each case, the balance of risk and reward is heavily in the favor of the investor. In investment terms, a business is not necessarily good or bad; it depends at what time and at what price. At the end of each year Odey judges itself on the value of their portfolio not the quality of their ideas. Odey Asset Management respects the market and occasionally changes its mind when the need arrives. U-turns are allowed. Previous positions, convictions, and philosophies must often be cast aside by "what is right now."

A full understanding of industry business models, together with rigorous analysis is fundamental to Odey Asset Management's investment process. However, markets can be very efficient in absorbing and valuing the latest company and industry information, which limits the scope for adding value through analysis of company financial data alone. Instead, the assessment of hypothetical future industry scenarios is a major driver of OAD's outperformance. Some of the most attractive investment opportunities are not identified inductively or deductively. But instead they are identified imaginatively through the conception of likely future changes in trends or discontinuities not reflected in today's market valuations.

Positive management of risk is at the heart of Odey Asset Management's investment approach. Strong emphasis is placed on market analysis and trading, along with fundamental analysis. Often the first indication of a change in circumstances can be seen in financial market prices and the market can often guide the efforts of Odey's analysts. When fundamental views are strongly held, technical analysis can provide a useful catalyst for a change in stance. The risk management process means funds may increase and decrease in holdings in a security many times before finally relinquishing a position. A system of stop losses, combined with market analysis, enables the Fund to limit losses on specific positions.