Allegations of sexual misconduct levelled at Odey Asset Management founder Crispin Odey have prompted prime brokers, including Goldman Sachs, JP Morgan and Morgan Stanley, to review their relationship with the hedge fund, according to a report by Reuters.
Allegations of sexual misconduct levelled at Odey Asset Management founder Crispin Odey have prompted prime brokers, including Goldman Sachs, JP Morgan and Morgan Stanley, to review their relationship with the hedge fund, according to a report by Reuters.
The allegations came to light on Thursday following a joint investigation by the Financial Times and Tortoise Media, who reported that 13 women have alleged Odey sexually assaulted or harassed them over a 25-year period.
Odey responded to the allegations in a telephone call with Reuters saying: “This is a rehash of an old article and none of the allegations have been stood up in a courtroom or an investigation.”
Odey was cleared of indecent assault charges by a British court in 2021, although the UK’s financial regulator, the Financial Conduct Authority (FCA) has reportedly been investigating Odey since 2021, according to an unnamed Reuters source.
In a statement, a spokesperson said that the FCA was unable to comment on “individuals or specific firms”, but that it takes “allegations of non-financial misconduct seriously and expects firms to have adequate governance procedures in place that ensure allegations of misconduct are properly investigated.”
Odey Asset Management moved to reassure investors about the firm’s position on Thursday with chief executive officer Peter Martin stating in a letter to clients that: “OAM treats, now and in the past, all such allegations extremely seriously. We are confident that our service providers will continue to work with us to ensure that the interests of investors are protected.”
