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Odey Asset Management

All articles tagged with #odey asset management

business2 years ago

The Odey Scandal Sparks Reevaluation of Hedge Fund Vetting Processes.

Crispin Odey's hedge fund, Odey Asset Management, is on the brink of dissolution after sexual assault and harassment allegations were made against its founder. The firm is in "advanced discussions" to transfer funds and staff to other firms, and has shut down one of its funds and halted investors from withdrawing their money from others. The accusations were made by 13 women in a Financial Times investigation, and Odey was removed from the partnership within two days of the article's publication. The Financial Conduct Authority has been called on to answer questions about its supervision of Odey Asset Management.

via The New York Times|
#business#crispin-odey#financial-regulations
finance2 years ago

Odey Asset Management faces major changes amidst harassment claims and survival fight.

Odey Asset Management, a UK-based hedge fund, is set to be broken up as part of a restructuring plan. The move comes after years of underperformance and investor withdrawals. The firm's founder, Crispin Odey, will reportedly step down from his role as CEO but will remain involved in the business. The breakup marks a significant shift in the financial industry as hedge funds face increasing pressure to deliver returns.

via Financial Times|
#breakup#finance#financial-industry
finance2 years ago

Odey Asset Management undergoes major changes amidst controversy.

Odey Asset Management is in talks to move funds and staff to other asset managers as it faces the fallout of sexual misconduct allegations against its founder Crispin Odey. Several major banks, which provided prime brokerage services, have said they would cut ties with Odey's firm. The hedge fund has gated its Brook Asset Management fund and closed another. Lawmakers on Britain's Treasury Select Committee wrote to the FCA on Wednesday to question the regulator's supervision.

via Reuters|
#finance#hedge-funds#odey-asset-management
business2 years ago

Hedge Fund Founder Crispin Odey Resigns Amid Sexual Assault Allegations

Crispin Odey, founder of Odey Asset Management, is leaving the company after 13 women accused him of sexual harassment or assault over 25 years. Odey denies the allegations, which were reported by the Financial Times. The hedge fund said it takes "all allegations of misconduct extremely seriously" and that its policies and procedures "have been followed at all times". Odey Asset Management has been fully transparent with the regulator Financial Conduct Authority and will contact clients over the weekend.

via BBC|
#business#crispin-odey#financial-conduct-authority
business2 years ago

Crispin Odey Departs Hedge Fund Amid Assault and Misconduct Allegations

Crispin Odey, founder of Odey Asset Management, will be leaving the company following allegations of sexual misconduct. The firm's executive committee announced that Odey will no longer have any economic or personal involvement in the partnership. OAM will continue to operate without him, and his partners will control and manage the asset management firm. Three Wall Street firms that are OAM's prime brokers, Goldman Sachs, JPMorgan, and Morgan Stanley, had moved to review or were cutting ties with the business.

via Reuters|
#business#crispin-odey#hedge-fund