Odey Asset Management to shut after sexual misconduct allegations against founder

Financial institutions have cut ties with Brexiter and Conservative party donor’s hedge fund

Odey Asset Management is closing down, five months after allegations of sexual misconduct made by junior female members of staff against its founder Crispin Odey threw the hedge fund into turmoil.

The firm said on its website: “Odey Asset Management [OAM], including Brook Asset Management and Odey Wealth, will be closing. Fund managers and funds have moved to new asset managers.”