Odey's hedge fund faces asset movement restrictions and potential scandal.
TL;DR
The UK's Financial Conduct Authority (FCA) has imposed restrictions on the movement of assets by Odey Asset Management's hedge fund following an investigation into its compliance with regulations. The FCA has not disclosed the nature of the investigation, but the restrictions will remain in place until the regulator is satisfied that the hedge fund has complied with its obligations.
- FCA restricts movement of assets by Odey's hedge fund Financial Times
- UK regulator restricts movement of assets by Odey's hedge fund, Financial Times reports Reuters.com
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