Odey Asset Management Shuts Down Following Sexual Misconduct Allegations Against Founder Crispin Odey

Funds and asset managers transition to rival firms after allegations against founder led to investor exits, financial scrutiny, and severed ties with banking partners.

Following allegations of sexual harassment against founder Crispin Odey, Odey Asset Management (OAM) is closing down, with all its funds and fund managers transitioning to rival firms.
The decision to wind down operations comes after Odey was accused of sexually assaulting 13 women over a 25-year period, including inappropriate touching and making crude, sexist remarks to female employees.
In the wake of the allegations, major banks such as Goldman Sachs, JPMorgan, and Morgan Stanley severed ties with OAM, leading to an exodus of investors and financial scrutiny.
OAM, once managing around £4bn ($5.5bn) of assets and known for its high-risk trading strategies, was put into crisis mode following the allegations, with the company being forced to 'gate' some funds to stem investor exits.
With funds being transferred to new asset managers, several key figures and funds have already confirmed their move to other firms, including Lancaster Investment Management, SW Mitchell Capital, Bainbridge Partners, Canaccord Genuity and Green Ash Partners.