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Odey launches funds of hedge funds operation

Wealth Bulletin- Odey Asset Management has created a fund of hedge funds subsidiary to broaden its offering to wealthy investors.

It has hired two people from Credit Suisse to run the business from Guernsey. The business marks a new direction for the hedge fund manager. Last week, Financial News reported the firm will close its $39m (€25m) Japan hedge fund after it fell from more than $1bn in 18 months.

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