Barclays has become the latest financial firm to look to sever ties with Odey Asset Management with the bank seeking to end its corporate banking relationship with the London-based hedge fund firm following sexual assault allegations against founder Crispin Odey, according to a report by the Financial Times.
Barclays has become the latest financial firm to look to sever ties with Odey Asset Management with the bank seeking to end its corporate banking relationship with the London-based hedge fund firm following sexual assault allegations against founder Crispin Odey, according to a report by the Financial Times.
The report cites unnamed sources familiar with the matter as confirming that Barclays has told the UK markets regulator the Financial Conduct Authority (FCA) that it wants to cut links with Odey AM.
Asset management companies Schroders and Canada Life have already cut ties with the hedge fund over the allegations, while the hedge fund’s prime brokers, including Goldman Sachs, JPMorgan, and Morgan Stanley (MS.N), are also reportedly reviewing their relationship with Odey AM.
