Odey Asset Management is in talks with Green Ash Partners over the transfer of a special situations fund run by portfolio manager Adrian Courtenay, as the firm continues to reorganise after sexual assault allegations against founder Crispin Odey, according to a report by Reuters.
The report cites an investor letter seen by Reuters as confirming that while discussions are at an advanced stage, any transfer of the $83 million fund remains subject to due diligence as well as board and regulatory approvals.
The discussions follow earlier moves by the London-based hedge fund firm to rehouse its funds managed by James Hanbury and Oliver Kelton.
According to its website, Green Ash Partners is a Switzerland and UK-based boutique investment manager with over $1 billion in assets under management.
