Crispin Odey leaves Odey Asset Management following misconduct allegations | Business enterprise
One of the City’s most notable hedge fund managers is leaving the expenditure firm he started immediately after quite a few promises of sexual harassment.
Crispin Odey is leaving Odey Asset Administration after allegations that he sexually assaulted or harassed 13 gals. A lawful firm representing the financier has stated the allegations are “strenuously disputed”.
The Financial Times, with each other with Tortoise Media, posted an investigation on Thursday with testimony from victims who stated Odey had abused or harassed them amongst 1998 and 2021.
In a assertion unveiled on Saturday, the government committee of Odey Asset Management explained that Odey would “no for a longer time have any financial or personalized involvement in the partnership”.
The assertion, which was signed by the firm’s main govt, Peter Martin, and chief monetary officer, Michael Ede, said the company experienced investigated the allegations concerning Odey but “cannot comment in detail as it is certain by legal obligations of confidentiality”.
The statement stated: “We, the government committee of Odey Asset Administration LLP, are asserting that Mr Crispin Odey is leaving the partnership.
“As from right now, he will no lengthier have any financial or private involvement in the partnership. Odey Asset Management Team Ltd will also cease to be a member and the partnership will now be owned and managed by the remaining companions and managed as an independent legal entity.”
The government committee explained all allegations of misconduct had been taken “extremely seriously”.
Odey, 64, is a person of the very best-recognised figures in the City of London, and has earlier donated to the Conservative bash.
He commenced donating frequently in 2007 and his full contributions to date are much more than £350,000, in accordance to general public records examined by the Fiscal Periods. He was also a prominent supporter of Brexit, contributing to teams campaigning for the Uk to leave the EU.