Crispin Odey, one of Britain's best-known hedge fund managers, is leaving Odey Asset Management following allegations of sexual misconduct, the firm's executive committee said on Saturday.
Britain's Crispin Odey arrives at Westminster Magistrates Court in London, Britain September 28, 2020. REUTERS/Hannah McKay/File Photofollowing allegations of sexual misconduct, the firm's executive committee said on Saturday.by 13 women that Odey had sexually assaulted or harassed them over a 25-year period. He denies the allegations.WHO IS CRISPIN ODEY AND ODEY ASSET MANAGEMENT?
Odey Asset Management is known for highly leveraged bets trading global equities, debt, currencies and commodities. Besides Odey Asset Management, the group also runs Brook Asset Management and Odey Wealth, a private wealth unit.Odey came to prominence during the 2008 financial crisis when he made a fortune short-selling banking shares, an investment practice that involves betting on a decline in the price of a stock.The firm had $4.
An Odey Asset Management without its former figurehead might retain a majority of the firm's assets under management, according to two sources familiar with the matter.
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