Crispin Odey’s eponymous hedge fund firm, Odey Asset Management LLP, will cease trading and become dormant after January, following a series of regulatory and reputational setbacks, according to a report by the Financial Times.
The firm, founded in 1991, has not announced any liquidation plans. It stopped offering regulated products and services in May 2024, and its latest annual report confirms no active trading is planned.
Odey’s business faced turmoil after allegations of sexual harassment and assault were reported by the Financial Times, prompting investor redemptions and severed banking relationships. The UK Financial Conduct Authority fined Odey £1.8m and banned him from the country’s financial services industry, citing “a lack of integrity” and breaches of governance requirements.
Odey has denied the allegations and is pursuing a £79m libel case against the Financial Times.
