Oliver Kelton, one of Odey Asset Management's prized stock-pickers, has warned investors in European equities not to get so concerned about what is happening in the wider markets that they forget about the risks closer to home.

Kelton joined Odey Asset Management, one of Europe's top hedge funds with $13.4 billion under management, in March 2015 from Waverton Investment Management, bringing with him his equity fund. Kelton now manages the €1.3 billion Odey European Focus fund, which houses the money he managed at Waverton.