Banking

Barclays ‘latest bank seeking to sever ties with Odey hedge fund’

The move comes following sexual misconduct allegations against Odey’s founder

  • July 3, 2023
The bank is reported to be the latest business seeking to distance itself from Odey founder Crispin Odey

Barclays is reportedly the latest banking giant to look at cutting ties with scandal-hit Odey Asset Management following sexual misconduct allegations against the hedge fund’s founder.

The lender - Odey Asset Management’s corporate bank - is following the lead of JPMorgan, Goldman Sachs and Morgan Stanley in moving to end its relationship with the investment firm, according to the Financial Times.

It comes as Odey Asset Management (OAM) is battling to contain the fallout after ...