Crispin Odey News

17.03 / 12:23

show FCA bans Crispin Odey from UK financial services industry

In a statement today (17 March), the FCA said Odey has deliberately sought to frustrate Odey Asset Management's «disciplinary processes into his conduct to protect his own interests» and that he «lacked integrity». «Odey showed reckless disregard for OAM's governance, causing OAM to breach certain regulatory requirements,» the FCA statement read. «In addition, the FCA considers that Odey's behaviour towards both OAM and the FCA lacked candour.» As a result of the fund manager's conduct, the FCA said Odey is «not a fit and proper person» to conduct any role within the regulated activit...

02.01 / 13:35

FIVE reports Features Courts Investigations Crispin Odey seeks damages of at least £79m in libel case against FT – reports

According to high court documents seen by the PA news agency, Odey's lawyers stated he has suffered a «very significant financial loss» as a result of the FT investigation into alleged sexual misconduct spanning between 1995 and 2023, but the claim will be capped at £79m. Odey Wealth Management files for voluntary liquidation In June and July 2023, the newspaper published four articles featuring over a dozen women claiming to have been either sexually assaulted or harassed by the hedge fund manager. Five women are also separately suing Odey over his alleged misconduct. Adam Speker,...

08.03 / 13:11

FIVE Action Courts Investigations Civil claims against Crispin Odey allowed to run together as rape accusation emerges

Claire Glasgow, lawyer at law firm Fieldfisher, explained that, at a High Court hearing yesterday (7 March), the judge refused to have all five cases filed under a single claim and that the five claimants would have to file separate claims on the matter. However, the judge has allowed the five cases to run together. FCA takes no action against Odey Asset Management following investigation Originally, two alleged victims had come forward with sexual misconduct allegations against Odey. The additional three cases were allowed by the judge to join the original claim yesterday. The ...

29.02 / 15:27

Action reports Odey AM parent company swings to £4.6m loss in 2023

In its accounts published today (29 February), the parent company posted losses of more than £4.6m for the financial year, a significant drop from the £1.7m in profits recorded in the 2022 financial year. The strategic report, signed by Crispin Odey and dated 21 February 2024, noted the two principal entities for OAMG were Odey AM and Odey WM. As of 5 April 2023, OAMG had £21.9m of shareholder capital and reserves, which Odey stated will be «sufficient» for the company to meet its ongoing business requirements for at least 12 months. FCA takes no action against Odey Asset Managem...

18.01 / 09:31

Diversity treasury committee Sexual harassment Sexual harassment 'remains commonplace' in the City with 'little or no action' taken

A group of 40 female professionals from 30 firms met at a private Treasury Committee event in November to discuss issues surrounding sexism in the City.

21.12 / 12:21

financial conduct authority Odey Asset Management Investment Association Diversity treasury committee IA's Karis Stander: Industry has to 'drive forward' on diversity in wake of Crispin Odey scandal

Karis Stander (pictured), director of the culture, talent and inclusion team at the Investment Association.

19.12 / 18:48

regulation companies investigation FCA Odey Asset Management FCA takes no action against Odey Asset Management following investigation

In an investor letter, Odey AM CEO Peter Martin and COO and CFO Michael Ede said they were 'pleased to report that the FCA have completed their investigation into the firm and will not be taking any action'.

12.12 / 15:19

regulation FCA Odey AM Treasury Select Committee FCA closes investigation into Odey Asset Management

FCA CEO Rathi said that, should any evidence against Odey AM appear, the FCA «reserves the right to reopen' the investigation; whereas the investigation into Odey himself 'remains live'.

30.11 / 13:19

Provident CEO Platform Strategy Pool performer bass Hedge fund duo wants traders to risk their own money

When hedge fund traders make money, they get a share of the kill. When they lose, it’s all pushed to the clients.

13.11 / 20:17

companies Unit trusts/OEICs People moves Sanlam Investments growth equities team joins Landseer AM as funds stay put

Investment Week understands the move has been made in order to take advantage of the institutional and European distribution capabilities of Landseer.

07.11 / 16:29

companies Odey AM stake Odey AM sells entire stake in Oxford BioDynamics

Oxford BioDynamics is a global biotech company based in Oxford.

25.10 / 07:47

companies Odey Asset Management Brook Asset Management wind-up Brook Asset Management begins wind-up process

The move comes following the news Odey Wealth Management is set to close and return its assets to clients.

16.10 / 08:07

Strategy gossips Odey AM's Adrian Courtenay and Odey Special Situations move to Green Ash Partners

The company first entered in talks to transfer the manager and strategy to Green Ash in July 2023. Green Ash is an asset management boutique with over $1bn in assets under management, specialising in liquid solutions in credit, equity, multi-asset and alternatives. The boutique has been contacted for comment. Odey AM's Geoffrey Marson and Odey Opportunity fund move to Canaccord Genuity The Odey Special Situations fund was first suspended on 15 June following the scandal involving several sexual misconduct allegations against founder Crispin Odey, and was then reopened on 11 July...

09.10 / 07:57

reports Odey AM's Freddie Neave to join Bainbridge Partners alongside flagship hedge fund

It will be relaunched under Bainbridge, a spokesperson for Odey Asset Management confirmed to Investment Week. In August, Odey AM told investors that it was in «advanced talks» to transfer Neave, the portfolio manager of the Odey European fund and OEI MAC, formerly alongside Crispin Odey, to Landseer Asset Management. However, these talks had fallen through after failing to complete the deal within the necessary timeframe, according to a report by Bloomberg. Odey AM in talks to transfer Freddie Neave to Landseer Asset Management Bainbridge founder Antoine Haddad confirmed the m...

27.09 / 16:19

companies Odey Asset Management Odey Wealth and Brook AM parent companies change registered address to founder's Chelsea house

The two companies are part of the corporate ownership network of Crispin Odey’s businesses.

26.09 / 14:31

Lawsuit industry Odey AM Odey Asset Management Sexual assault claims against Crispin Odey head to High Court in first lawsuit

The lawsuit is against Odey himself and Odey AM and the High Court has granted anonymity to the two women.

25.09 / 10:33

regulation Financial Services financial conduct authority FCA PRA Diversity Financial FCA and PRA eye stricter rules for non-financial misconduct

'This guidance will help ensure firms can take decisive and appropriate action against employees for [non-financial misconduct].'

20.09 / 11:01

industry financial conduct authority Odey AM Odey Asset Management reports Crispin Odey accused of urging woman to downplay sexual misconduct to regulator - reports

This is the first time Crispin Odey (pictured) has admitted to sexual misconduct.

20.09 / 05:35

UPS Provident show Crispin Odey urged woman he groped at work to downplay incident to FCA

London | Crispin Odey urged a woman he groped at the headquarters of his hedge fund to downplay the incident to the financial watchdog while it considered whether he should retain his regulatory approval as a “fit and proper person”.

11.09 / 15:19

companies Odey AM Brook Asset Management Crispin Odey removed as person with significant control of Odey AM

Crispin Odey (pictured) was removed as a person with significant control of Odey AM from 10 June 2023.

01.09 / 13:41

Bank of England FCA PRA Diversity Financial Diversity Project calls on FCA to set out clearer non-financial misconduct rules

Diversity Project chair Helena Morrissey (pictured) said the FCA’s rules around individual conduct are 'very broad' and firms apply them 'inconsistently' and do not specify anything regarding personal conduct.

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