Odey set to launch absolute return fund for Al-Chalabi

Odey Asset Management is set to launch a multi-asset absolute return fund for Feras Al-Chalabi.

The Odey European Absolute Return Fund will be an open-ended fund domiciled in Ireland.

The fund’s objective will be to deliver positive returns in rolling 12 month periods by investing in “a portfolio of European equities and equity-related securities, debt securities and currencies”.

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Mr Al-Chalabi currently manages the CF Odey Continental European fund and the offshore Odey European Allegra fund.