Guernsey has become the cornerstone of an offshore expansion for
a wealth management company.
Odey Wealth Management has recently celebrated the first
anniversary of its successful Odey Opportunity Fund, which was
launched just a few months after the company expanded to the
island.
"The environment that has been created in Guernsey is very
business friendly and we have nothing but praise for Guernsey
Financial Services Commission who have supported our expansion. I
see offshore being a growing theme for Odey following the success
of our first year in business in Guernsey," said Odey's
Chief Executive Officer David Stewart.
The company was founded in 1991 by Crispin Odey with the aim of
focusing on absolute returns at a time when most fund managers were
embracing index relative returns. Over the last 18 years, the
company has expanded and assets under management at the end of
August 2009 totalled $6bn.
