Senior partner quits Odey Asset Management after seven years

A partner and former head of research at Odey Asset Management has left the hedge fund after seven years.

Jamie Wood, who worked for numerous bank-owned asset management firms before switching into a hedge fund in 2007, officially left the firm earlier this month, according to filings on both Companies House and the Financial Conduct Authority.

Wood was latterly partner and senior analyst at Odey, but had formerly been co-head of research. He joined from Newman Ragazzi Partners with a team of other analysts from the firm and founder Michele Ragazzi. Before this, he worked for Bank of Ireland Asset Management.

Odey Asset Management said that April was a “bloody” month, after a fifth was wiped off its flagship fund due to bets on small UK companies and a bad currency trade hit.

Despite this, Odey has increased headcount in its UK operation over the past three months – albeit by less than 2%, according to the FCA register. Recent recruits include Adam Gordon from Cheyne Capital Management, Oliver Kelton from Waverton Investment Management and Stephanie Saville.

However, as well as Wood, Nicholas Gaisman, a research analyst at Odey, left for a strategic planning role at laundry firm Lavanda.

Odey didn’t immediately respond to requests for comment.