Brook Absolute Return News Today

Former Odey Asset Management partner James Kostoris has left Lancaster Investment Management, just five months after joining the firm.

Odey Asset Management has begun the process of winding down the business, the company stated on its website.

The three companies inheriting ten funds from Odey Asset Management and Brook Asset Management are set to receive reduced strategies.

James Hanbury will take his full investment team from Odey Asset Management subsidiary Brook Asset Management to Lancaster Investment Management.

Link Fund Solutions will lift the suspension of dealing in the LF Brook Absolute Return fund, it said in an investor letter yesterday (17 July).

Brook Asset Management, a subsidiary of Odey Asset Management, will reopen the Brook Developed Markets fund from 7 July.

(Bloomberg) -- Odey Asset Management is in talks with Lancaster Investment Management to transfer funds run by portfolio manager James Hanbury and restructure its flagship hedge fund as the investment firm grapples with the fallout from sexual assault allegations against its founder.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysA $100 Billion Wealth Migr...

Following several funds suspending trading

Odey Asset Management said it has temporarily suspended trading in its Special Situations fund, which is worth around £62m.

(Bloomberg) -- Odey Asset Management halted withdrawals from two more funds in response to mounting redemption pressure as the firm struggles to contain the fallout from fresh sexual assault allegations against its founder Crispin Odey.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementCrispin Odey’s One-Week Downfall Was Decades in the MakingSocial Security Benefits Ta...