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Former Odey AM boss severs family business ties

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Odey AM founder Crispin Odey has severed ties with several companies connected to his family’s investments after he was ousted from the hedge fund firm following multiple allegations of sexual harassment and assault, according to a report by Bloomberg.

The report cites a regulatory filings as revealing that Odey, who denies the allegations, resigned this month as a director of three UK companies that oversee assets for his adult children, including one that holds an investment in UK asset manager Ruffer.

Odey’s former wife and onetime JO Hambro Capital Management CEO Nichola Pease, remains a director of the businesses, which according to their latest accounts handle investments totalling a combined £50m.

Former JO Hambro executive Lisa-Marie Rowland, meanwhile, was appointed a director of the firms in June, the same month that the allegations against Odey were made public following an investigation by the Financial Times.

Odey AM is currently in the process of transferring Freddie Neave, who now manages it’s flagship funds, to Landseer Asset Management, while several other of the firm’s funds have either closed down or due to close in the coming weeks.

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