Allegations against Crispin Odey have blighted the industry over the past week after the Financial Times published an investigation into the abusive workplace culture at Odey Asset Management and how the hedge fund manager has avoided sexual assault accusations for years.
According to the FT, the FCA has been conducting an internal investigation into the hedge fund firm, which initially focused on non-financial misconduct but then moved to governance issues after Odey fired his executive committee in 2021. The FCA may now expand its investigation to include potential non-financial misconduct by Odey, the FT reported. The fallout from the latest allegations has been swift, with brokers Morgan Stanley, Goldman Sachs, BNP Paribas-owned Exane and asset manager Schroders cutting ties with the firm and JP Morgan reviewing its relationship, according to the FT. ...
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02 January 2024
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1 min read
