Odey Asset Management has today (11 September) filed the official cessation notice of founder Crispin Odey as a person with significant control of the firm, revealing the eponymous founder was dropped from this position just two days following the release of the FT investigation.
Companies House filings show the cessation became effective from 10 June 2023, nine days earlier than Odey was dropped as a director of the firm. Odey AM subsidiary to shutter Brook Global Emerging Markets fund Odey had more than 75% ownership of voting rights and the right to between 50% and 75% of surplus assets, according to Companies House. The termination came a day before he was stripped of his fund and portfolio management responsibilities, which saw some of his flagship funds handed over to other managers from 11 June. Odey Asset Management Group Limited was also removed...
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