Having severed “personal and economic” involvement with founder Crispin Odey on Saturday following last week’s allegations of sexual misconduct, Odey Asset Management Partnership has said Freddie Neave (pictured), James Hanbury, and Oliver Kelton will now head up the firm’s key funds.
Having severed “personal and economic” involvement with founder Crispin Odey on Saturday following last week’s allegations of sexual misconduct, Odey Asset Management Partnership has said Freddie Neave, James Hanbury, and Oliver Kelton will now head up the firm’s key funds, according to a report by Reuters.
According to a letter sent to investors, Neave will replace Odey – who has denied the allegations against him – as the head of the $4.8 billion firm’s Odey European Inc (OEI) and OEI Mac funds, while Hanbury will assume leadership of the LP Odey Opus Fund, and Kelton will take on the Odey Pan European Fund.
Neave will also assume interim responsibility for the Odey Swan Fund until the board decides on a permanent manager.
According to the letter, Odey Asset Management said it has also held “constructive dialogue” with its prime brokers over the weekend after several big name firms, including Goldman Sachs, JP Morgan, and Morgan Stanley, said they were considering severing ties with the firm following a joint publication by the Financial Times and Tortoise Media reporting allegations by 13 women that Odey had sexually assaulted or harassed them over a 25-year period.
