James Hanbury and full investment team to move from Odey AM subsidiary Brook to Lancaster IM

Binding agreement

James Hanbury will take his full investment team from Odey Asset Management subsidiary Brook Asset Management to Lancaster Investment Management, which has signed a binding agreement over the team and funds transfer.

In his quarterly commentary, Hanbury sought to shift the conversation from the recent months' focus on allegations of sexual misconduct against founder Crispin Odey. "We are incredibly sorry for the stress and uncertainty that clients have been exposed to in recent weeks and we are also extremely appreciative of the support and understanding that you have given us during this difficult time," he wrote. "On a forward-looking basis things feel very positive and exciting. All our funds are now fully open and we have signed a binding agreement to move to Lancaster Investment Management wh...