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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.
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 announced on Tuesday that it will be closing.
Odey Asset Management plans to close down its wealth businesses after its eponymous founder stepped down amid a series of allegations against his behaviour.
The Financial Conduct Authority has today confirmed it launched probes into disgraced fund manager Crispin Odey in mid-2021 to determine whether he was a “fit and proper person” to be working in financial services.
Odey Asset Management has suspended its flagship hedge fund after it was hit with redemption requests following the removal of founder Crispin Odey, Bloomberg News reported on Monday.
Shares in London-listed fintech firm Plus500 have surged today after the firm revealed it would buy back some £100m worth of shares from beleaguered hedge fund Odey Asset Management. Odey AM has been rocked in recent days after founder Crispin Odey was accused of sexual assault by numerous women in an investigation by the Financial [...]
Scandal-hit Odey Asset Management has insisted its funds are not halting investor withdrawals in the wake of assault allegations against its founder, Crispin Odey. The company, which has around 4.4 billion US dollars (£3.5 billion) in assets under management, said all its funds are open “as per usual business” following a report that the boards [...]
Crispin Odey is to leave Odey Asset Management, the partnership said on Saturday, following a series of allegations of misconduct.
Odey Asset Management has revealed it is in “active discussions” with its broker partners, after fresh misconduct allegations published against its founder led banks to review their relationship with the fund. It followed a report in the Financial Times (FT) – together with Tortoise Media – which included several allegations of sexual harassment or misconduct [...]
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