Crispin Odey’s eponymous hedge fund firm, Odey Asset Management LLP, will cease trading and become dormant after January, following a series of regulatory and reputational setbacks, according to a report by the Financial Times.
The firm, founded in 1991, has not announced any liquidation plans. It stopped offering regulated products and services in May 2024, and its latest annual report confirms no active trading is planned.
Odey’s business faced turmoil after allegations of sexual harassment and assault were reported by the Financial Times, prompting investor redemptions and severed banking relationships. The UK Financial Conduct Authority fined Odey £1.8m and banned him from the country’s financial services industry, citing “a lack of integrity” and breaches of governance requirements.
Odey has denied the allegations and is pursuing a £79m libel case against the Financial Times.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More