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The Metropolis watchdog is investigating the hedge fund based by Crispin Odey as he faces renewed allegations of sexual misconduct.
The Monetary Conduct Authority (FCA) was understood to be contemplating the enlargement of an current inquiry specializing in company governance at Odey Asset Administration after the Monetary Instances claimed that he had confronted a string of complaints about his behaviour over many years.
Its investigation highlighted allegations of sexual harassment or assault by 13 ladies in opposition to the rich fund supervisor over a 25-year interval.
Mr Odey, who’s believed to be price lots of of hundreds of thousands of kilos, has strenuously denied the paper’s claims.
The Reuters information company, citing sources, stated that Wall Avenue banks JPMorgan and Morgan Stanley had been reviewing their prime broking relationships with Odey Asset Administration within the wake of the FT report.
Neither financial institution has commented.
However Mr Odey stated of the report: “That may be a massively fast response to an allegation by the FT.
“This can be a rehash of an outdated article and not one of the allegations have been stood up in a courtroom or an investigation.”
Mr Odey stepped down as co-CEO of Odey Asset Administration in the course of the COVID pandemic however stays a serious shareholder.
He was later cleared of indecent assault costs by a UK courtroom in 2021 and informed by the decide within the case that he might depart the constructing along with his “good character intact”.
It’s understood that the 64-year-old, who’s a donor to the Conservative Social gathering, has been married 3 times and has three kids.
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