This is perhaps one of the most interesting funds we have reviewed for some time. Firstly, the manager is very personable and clearly very intelligent and knowledgeable. The challenge is how to judge the performance because the fund has only been available under the Odey brand since July 2015. Prior to that, Oliver worked for Waverton Investment Management (since 2001) and managing money since 2003. He took over the management of the Waverton European Fund in 2010, and this fund was merged into the Odey European Focus Fund in 2015.
The process he developed over the years with Waverton was brought across to Odey, so those used to his style will see no change. However, the performance we have is only for a short period; as it stands it doesn’t show anything exceptional. We have seen performance from Waverton and he does have a good track record particularly in 2011.