Odey AM hires Newton's Marshall-Lee to head up new GEM team

Follows announcement of new Brook fund range

Odey Asset Management has hired Newton Investment Management’s Robert Marshall-Lee to head up its new global emerging markets team, which will manage long-only equity portfolios.

Marshall-Lee, who left Newton IM at the end of last month after more than 21 years at the firm, previously ran the BNY Mellon Global Emerging Markets and Oriental funds, which he had been at the helm of since 2011 and 2019 respectively. Over Marshall-Lee's tenure, the £256m BNY Mellon GEM fund has returned 148.9%, compared to its average peer in the IA Global Emerging Markets sector and its MSCI Emerging Markets benchmark's respective gains of 51.6% and 57.6%, according to data from FE fundindo. Timothy Pearey, CEO of Odey AM, said: "We are delighted that Robert is joining us at this ...