HomeEconomyCrispin Odey leaves hedge fund he founded after sexual assault allegations Economy Crispin Odey leaves hedge fund he founded after sexual assault allegations By inew June 10, 2023 0 42 views Share FacebookTwitterPinterestWhatsApp JPM +0.% Add/Remove from Watchlist Add to watch list Add location Location successfully added to: Please name your portfolio type: purchaseSell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1 : 1: 10 1: 11 1: 13 1: 50 Committee: CREATE NEW CREATE WATCHLIST 8056 Create a new shareholding portfolio Add Create 500 + add another position Close Position 8056 multiple sclerosis 1000-0.% 1000 Add/Remove from Watchlist Join the watch list Add Job location was successfully added to: Please name your portfolio type: purchase Sell date: quantity: price Integral value: Leverage: 1:1 1: 1: 1: 1: 2021 GS + 0.% 267 Add to/Remove from Watchlist Add to watch list Add position Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price point value: Leverage: 1:11: 1: 1: by Carolina Mandl and Nell Mackenzie NEW YORK / LONDON (Reuters) – One of Britain’s best-known hedge fund managers Crispin Odey is leaving the firm he founded, Odey Asset Management, after its executive committee was accused of sexual misconduct, the company said Saturday. The Financial Times and Tortoise reported in a joint publication on Thursday allegation Odey women who have sex beat or harass them years. He denies the allegations. Duncan Lamont, an adviser to Odey and the law firm Charles Russell Speechlys representing Odey Asset Management (OAM), did not immediately respond to a Reuters request for comment on the hedge fund manager. Leave a comment. The OAM executive committee said in a statement: “From today, he will no longer have any financial or personal involvement in the partnership .” OAM will continue to operate without him and his partners will control and manage the asset manager, the firm said. It added that it had been investigating the allegations about Odey but could not comment in detail because it was bound by legal confidentiality obligations. The company plans to change its name, according to a person familiar with the matter. Odey told the Financial Times on Saturday that he had been informed of the company’s position, adding: “You have to have (a) Willing buyers, willing sellers,” he said, without elaborating. Since Thursday’s release, three Wall Street firms, OAM’s so-called prime brokers — Goldman Sachs (NYSE: 50GS ), JP Morgan (NYSE: 500JPM) and 266266 Morgan Stanley (NYSE: 400MS ) – – Has begun a review or is in the process of severing ties with the business. Some of its customers said they would terminate business with OAM because of the allegations. As prime brokers, banks help facilitate eIT’s trades and provide leverage for betting, making their support vital. sources told Reuters on Saturday that JPMorgan and Goldman Sachs are continuing to review their prime brokerage relationship with the firm. Morgan Stanley declined to comment. UBS, which also acts as lead broker for the company, did not immediately respond. Odey, was cleared by the English Court at Allegation of indecent assault, told Reuters on Thursday that the report was A rehash of an old article, no charges have been stood up in court or in an investigation.” as a political donation for Brexit and the Conservative Party The main supporter of the author, Odey founded OAM at . Known for stocks, debt and currencies, it has $4.8 billion in assets under management, according to a September filing with the SEC 266. The agency’s Financial Conduct Authority has been investigating OAM since , a source familiar with the situation said on Thursday. The regulator declined to comment when reached on Saturday. 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