Odey to oppose 'opportunistic' Plus500 bid

Natalie Kenway
clock

Odey Asset Management has blasted a bid for trading platform Plus500, the second largest holding on James Hanbury's CF Odey Absolute Return fund, calling the move "opportunistic".

Plus500 shares shed 50% of their value last month after UK regulators asked the firm to impose tighter anti-money laundering controls. Gambling software firm Playtech then made a 400p per share for...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

All the latest news, analysis and content about the Covid-19 outbreak

Coronavirus Blog: World Health Organisation says travel bans 'not effective'

Latest news and reaction

Investment Week
clock 20 January 2022 • 1 min read
The proposals would see mini-bonds, peer-to-peer, crowdfunding, non-readily realisable securities and non-mainstream pooled investments all brought under the new rules.

FCA to tighten rules to prevent investors 'sleepwalking into high-risk investments'

Responses due 23 March

James Baxter-Derrington
clock 19 January 2022 • 2 min read
Partner Insight: Three trends likely to transform our global economy

Partner Insight: Three trends likely to transform our global economy

PIMCO’s most recent Secular Forum flagged key drivers of change, as Joachim Fels, Andrew Balls, and Daniel J. Ivascyn report

PIMCO
clock 18 January 2022 • 4 min read
Trustpilot