Companies

Odey Asset Management moves to break itself following allegations against founder

Scandal-hit hedge fund confirmed talks to transfer funds to rival firms amid an intensifying crisis

  • June 15, 2023
Crispin Odey, OAM founder: Firm has announced plans to rebrand, which will see Odey’s name removed from the hedge fund. Picture: Bloomberg

The scandal-hit hedge fund set up by Crispin Odey is being broken up as it confirmed talks to transfer some of its funds to rival firms amid an intensifying crisis following sexual misconduct allegations against its founder.

Odey Asset Management (OAM) said in a letter to clients that it was “in advanced discussions” to offload some of its activities and staff to other asset managers.

It is reportedly affecting the majority of its $4.4 billion ...