Dipankar Shewaram, who worked at BlueBay before going on to join Western Asset Management and has known both Odey and Bond for more than a decade, joined $ 8.8 billion Odey Asset Management in October, according to a statement from the firm on October 14.
Crispin Odey said his firm “has always combined an understanding of the macro with rigorous stock research”.
He added: “Over the last decade we have built a world-class equity research team and Dip joins us as the macro debate moves from noisy to deafening.”
Shewaram joined from Glendevon King Asset Management, where he had been a member of the investment committee and a strategic investment adviser.
The Odey Odyssey Fund is a long/short macro fund that invests across asset classes depending on Bond’s economic outlook. In a separate note about his fund, Bond said that he valued Shewaram’s expertise in credit, derivatives and emerging markets, in addition to fixed-income and financial assets.
He said: “The fund therefore now has the expertise to invest in a wider range of asset classes and to use derivatives more efficiently. As important, there are now two sets of eyes and brains managing the investment process, which should enhance the analysis that underpins our strategies.”
Shewaram has also held roles at BNP Paribas and Deutsche Asset Management, according to his LinkedIn profile.