Odey Asset Management undergoes major changes amidst controversy.
TL;DR
Odey Asset Management is in talks to move funds and staff to other asset managers as it faces the fallout of sexual misconduct allegations against its founder Crispin Odey. Several major banks, which provided prime brokerage services, have said they would cut ties with Odey's firm. The hedge fund has gated its Brook Asset Management fund and closed another. Lawmakers on Britain's Treasury Select Committee wrote to the FCA on Wednesday to question the regulator's supervision.
Topics:businessfinance#finance#hedge-funds#odey-asset-management#prime-brokerage-services#regulatory-approvals#sexual-misconduct-allegations
- Odey Asset Management plans funds, staff moves in fight for survival Reuters
- Odey Asset Management to be broken up Financial Times
- Odey firm to be broken up after harassment claims against its founder BBC
- The FCA is tying itself in knots on non-financial misconduct Evening Standard
- Odey Asset Management to Rehouse Funds After Founder Sexual Assault Allegations Bloomberg
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