Ex-Odey manager launches first fund for boutique firm

Stockmarket-Performance-Business-700x450Former Odey Asset Management fund manager Freddie Lait, who left the firm after six years to form a new asset manager earlier this year, will bring the Odey Atlas fund to the new firm.

The Latitude Horizon fund, a long only fund and targets absolute returns, will launch next month. It’s concentrated around high-quality businesses and is focused on long term capital preservation.

The fund charges are 1 per cent and have no performance fees.

Lait says:“I am very pleased with the outstanding support I have received from investors in the fund and new investors in the management company. Latitude is well capitalised and ideally placed to provide a best in class Diversified Growth fund to institutions and private wealth managers in the UK and Europe.

“Latitude’s investment strategy follows an absolute return framework – the fastest growing sector in the active management industry –  with the belief that diversified portfolio construction, combined with strong risk control, generates more desirable risk adjusted returns than employing leverage or shorting strategies.”

The new firms has also made two senior hires. Mark Carter joins as chief operating officer from Vinci Zafferano where he worked as head of operations and risk management. In addition, Emma Carter will head the sales and marketing operations. She joins from Oppenheimer where she was responsible of the third party distribution business.