Crispin Odey will leave Odey Asset Management, the London based firm he founded, after 13 women accused him of sexual misconduct, his partners said,...
Crispin Odey will leave Odey Asset Management, the London based firm he founded, after women accused him of sexual misconduct, his partners said, according to the Financial Times on Saturday.
The allegations are the latest in a series the asset manager has faced in recent years. In 2021, he was acquitted of assault charges in British courts, but new accusations against him were soon reported. On Friday, Canada Life , an asset manager overseeing around 40 billion pounds of client funds in Britain, said it had suspended its relationship with Odey Wealth, a private client-focused part of Odey Group, with immediate effect, Reuters reported.
Odey has been an important figure in the City of London for more than three decades. Since establishing Odey Asset Management in 1991, he has cultivated a reputation for taking high risk bets, delivering huge returns as well as vast losses. In 2022, Odey benefited from drops in the value of sterling after he bet against the pound. His flagship fund returned up 152 per cent in 2022. He has also donated large sums to the UK’s Conservative party and the anti-immigration UKIP party.
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