Leading UK hedge fund boss quits after sex assault claims

High profile British hedge fund boss Crispin Odey has quit the firm he founded following sexual assault claims by eight women, the fund said Saturday.

Odey, a vocal Brexit supporter and Conservative party donor, denies the allegations, which first emerged in the Financial Times newspaper on Thursday.

“We, the executive committee of Odey Asset Management LLP, are announcing that Mr Crispin Odey is leaving the partnership,” a statement said.

“As from today, he will no longer have any economic or personal involvement in the partnership.

“As we have said previously, the executive committee takes all allegations of misconduct extremely seriously,” it added.

A further five women alleged they had been abused or harassed by Odey, the business daily said.

Odey, 64, well known for making huge sums from betting heavily against the British pound and UK government bonds in recent years, has described the allegations as “rubbish”.

The FT probe focused on incidents said to have occurred between 1998 and 2021.

The investigation follows a British court ruling in 2021 that found Odey not guilty of sexual assault against a female banker.

jwp/ach

© Agence France-Presse

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