Crispin Odey steps down from his hedge fund in changing of the guard

Veteran investor Crispin Odey is bowing out as boss of the Mayfair-based hedge fund he founded almost three decades ago. The multimillionaire Conservative party donor is stepping down as co-chief executive of Odey Asset Management. He will launch a new fund within the company that focuses on the prospect of higher inflation. The firm will also create a unit called Brook Asset Management, bringing together a group of existing funds that will be renamed, reported Bloomberg. Timothy Pearey will bec