Jos Trusted has left his post as CEO of CQS New City Equity to become head of institutional sales at investment firm Odey Asset Management.
At London-based CQS, the hedge fund founded by Australian billionaire Sir Michael Hintze, Trusted was responsible for setting in motion the firm’s long-only equity investment division. Under his watch, CQS New City Equity launched in June 2019 its Global Equity Fund with about $100 million in assets under management, followed later in the year by the launch of its North American Equity Fund.
Trusted will remain in London for his new role at Odey Asset Management, the hedge fund launched in 1991 by Crispin Odey with George Soros as one of the original investors. He is expected to further grow Odey’s institutional
business by developing its product range, recruiting new investment managers and diversifying its global client base.
“He will bring great energy to our institutional business and allow us to maximize the opportunities emerging for active managers in this fast changing marketplace,” said Odey Partner and CEO
The firm launched two new actively managed funds in 2019: the Odey Concentrated Natural Resources fund, and the Odey Special Situations fund.
“The business is well positioned to grow its institutional offering, combining its significant investment pedigree with deep industry connectivity,” Trusted said. “Actively managed equity funds, with low market correlation, are increasingly important sources of outperformance for asset allocators and I look forward to broadening the Odey offering and
developing its international reach.”
