Crispin Odey threatened to ‘shut down’ fund if board tried to oust him Legal Crispin Odey threatened to “shut down” his eponymous hedge fund if he was dismissed by its board or it proceeded with investigations into his alleged misconduct against his wishes, a court will be told. Disgraced financier Odey faces the City watchdog at the High Court this week as he seeks to overturn a ruling that [...]
Crispin Odey banned from financial industry Investing Former hedge fund manager Crispin Odey has been fined £1.8m and banned from working in the financial services industry by the Financial Conduct Authority. The financial watchdog cited Odey’s “lack of integrity” in their decision after he attempted to escape the allegations of sexual assault he faced at his firm. Odey “deliberately sought to frustrate” [...]
Odey partner pay plummets more than 99 per cent Investing The pay of partners at disgraced hedge fund manager Crispin Odey’s firm fell to just £49,000 last year, down 99.9 per cent from their previous payouts. In the 12 months to the end of April 2024, the highest-paid of Odey’s 12 members of staff earned just £45,000, compared to £28.6m the previous year, documents published [...]
Crispin Odey suing Financial Times for £79m in libel damages, documents show December 30, 2024 Hedge fund manager Crispin Odey is seeking at least £79m in damages from the Financial Times (FT) after suing the publication for libel, documents filed at the High Court show. Odey began legal action against the FT in May over four articles published in 2023, which contained allegations that he had sexually assaulted multiple women. [...]
Odey Wealth Management enters liquidation October 28, 2024 Odey Wealth Management, a subsidiary of Crispin Odey’s asset management firm, has filed for voluntary liquidation a year after it began winding down its business. Wealth management and accountancy firm Evelyn Partners was brought in as its liquidator last week after the process was approved by the company’s board on 10 October, Companies House filings [...]
Crispin Odey rejoins eponymous hedge fund October 24, 2024 Former hedge fund manager Crispin Odey has rejoined the company he left last year following sexual assault allegations against him. Odey Asset Management, named after the eponymous founder, was wracked with scandal last year after a Financial Times investigation revealed more than a dozen women had accused the manager of sexual assault. While there had [...]
Odey Asset Management partners pocket £64m in last payout before wind down January 11, 2024 The partners of Odey Asset Management are set to pocket nearly £64m for the firm’s final year of operations as it is wound down following allegations of sexual assault against founder Crispin Odey.
Odey Asset Management says FCA has concluded investigation December 19, 2023 The UK Financial Conduct Authority has concluded its investigation into Odey Asset Management (OAM) and "will not take any action," said an investor letter from the hedge fund said on Tuesday.
Odey Asset Management confirms winding down after sexual harassment scandal October 31, 2023 Odey Asset Management announced on Tuesday that it will be closing.
Odey Asset Management looks to shut down wealth business October 9, 2023 Odey Asset Management plans to close down its wealth businesses after its eponymous founder stepped down amid a series of allegations against his behaviour.