Crispin Odey, one of London’s most high-profile fund managers, is to step back from running his eponymous firm and focus on managing funds, as part of a wider overhaul of its business.

Odey, who is 61 and founded Odey Asset Management in 1991, will take charge of a new inflation-focused fund, in addition to his existing flagship European fund, the company said in a statement on 3 November.