Oliver Kelton leaves Waverton to join Odey Asset Management

Oliver KeltonFund manager Oliver Kelton is leaving boutique firm Waverton Investment Management to join hedge fund manager Crispin Odey’s firm, Odey Asset Management. He will take his €1.5 billion Morningstar 5-star rated Waverton European Fund with him, increasing Odey AM’s funds under management to nearly €15 billion in total. The Waverton European Fund A (Eur) has returned 125.80% (net of fees) over the past three years, compared to a 61.62% return from the index. Its standardised performance in the year ending February 28, 2015 was 17.92%, according to Morningstar data. Crispin Odey says the appointment will strengthen the debate on Europe, at a time when good stock picking could mean the difference between profit and loss for clients. Odey adds that Kelton, who ends fourteen years of employment at Waverton, shares a belief in the value that active fund management can bring to clients, particularly in developed markets like Europe. ©2015 funds europe

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