Odey Asset Management has written to clients that it is considering the sale or rehousing of several of its funds following “recent events” surrounding its founder Crispin Odey.
Odey has been the centre of an investigation by the Financial Times concerning allegations of sexual misconduct, which has led to the founder's removal from the firm as well as the closure and gating of several of Odey AM funds. Treasury Committee questions FCA oversight of Crispin Odey and Odey AM In the letter to shareholders seen by Investment Week, Odey AM said it has "become clear that some investment management activities of the partnership are affected by recent events". The partnership for the firm said that given the events, it is now "in advanced discussions for rehousing...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
