UK Financial Conduct Authority (FCA) Issues Permanent Ban & $2.3 Million Fine on UK $3.8 Billion Hedge Fund Odey Asset Management Founder Crispin Odey for Lack of Integrity in Voting as Majority Shareholder to Remove All Existing ExCo Members & Subsequently Postponed Disciplinary Hearing into His Personal Conduct in Sexual Assaults Allegations by 13 Women, Odey Asset Management Winded Down Alongside Odey Wealth & Brook Asset Management in 2023
18th March 2025 | Hong Kong
The UK Financial Conduct Authority (FCA) has issued a permanent ban & $2.3 million fine on UK $3.8 billion hedge fund Odey Asset Management founder Crispin Odey for lack of integrity in voting as majority shareholder to remove all existing ExCo members & subsequently postponed disciplinary hearing into his personal conduct in sexual assaults allegations by 13 women. In 2023, Odey Asset Management winded down alongside Odey Wealth & Brook Asset Management in 2023. UK FCA (17/3/25): “The FCA has decided to fine Crispin Odey of Odey Asset Management LLP (OAM) £1.8m and ban him from the UK financial services industry for a lack of integrity. The FCA considers that Mr Odey deliberately sought to frustrate OAM’s disciplinary processes into his conduct to protect his own interests. Mr Odey showed reckless disregard for OAM’s governance, causing OAM to breach certain regulatory requirements. In addition, the FCA considers that Mr Odey’s behaviour towards both OAM and the FCA lacked candour. The FCA considers Mr Odey’s conduct demonstrated that he is not a fit and proper person to perform any function related to regulated activities. On 4 February 2021, after an internal investigation by OAM, Mr Odey received a final written warning from OAM’s executive committee (ExCo), in relation to inappropriate behaviour. On 30 November 2021, OAM scheduled a disciplinary hearing to consider whether Mr Odey had breached the final written warning. However, on 24 December 2021, Mr Odey used his majority shareholding in OAM to remove OAM’s existing ExCo members and appoint himself as ExCo’s sole member. Mr Odey subsequently decided on 6 January 2022 that the disciplinary hearing into his conduct would be indefinitely postponed since he said he was unable to conduct it with impartiality. Mr Odey appointed new ExCo members and resigned from ExCo on 12 January 2022. However, following disagreement about how to proceed with the disciplinary hearing, on 31 March 2022 Mr Odey again removed OAM’s ExCo members and appointed himself as the sole member of ExCo. Mr Odey retained his position on ExCo until he appointed 2 new ExCo members on 4 July 2022. OAM’s disciplinary hearing was eventually held on 29 November 2022, nearly 1 year after it had been originally scheduled.” In 2023 November, Odey Asset Management ($3.8 billion AUM) announced to wind down the business alongside Odey Wealth & Brook Asset Management, 5 months after founder Crispin Odey left the firm and name Odey name removed from the company after founder Crispin Odey sexual assaults allegations by 13 women. The notice: “Odey Asset Management Is In The Process Of Winding Down – Odey Asset Management, including Brook Asset Management and Odey Wealth, will be closing. Fund Managers and Funds have moved to new Asset Managers. You can find information below on where Odey funds have moved to and who to contact if you need more information.” In 2022 December, 4 women had accused Crispin Odey of sexual assault allegations. In 2021, Crispin Odey was acquitted in court of a sexual assault due to inconsistencies from the victim. Odey was established by Crispin Odey in 1991 to focus on active fund management. Before founding Odey, Crispin managed the Baring European Growth Trust and Continental European pension funds at Barings Asset Management and Framlington Fund Managers. Crispin graduated from Christ Church, Oxford in 1980 where he read History & Economics. Odey Asset Management is part of the Odey Group which also includes Brook Asset Management and our private wealth specialists, Odey Wealth. More info below:
“ UK Financial Conduct Authority (FCA) Issues Permanent Ban & $2.3 Million Fine on UK $3.8 Billion Hedge Fund Odey Asset Management Founder Crispin Odey for Lack of Integrity in Voting as Majority Shareholder to Remove All Existing ExCo Members & Subsequently Postponed Disciplinary Hearing into His Personal Conduct in Sexual Assaults Allegations by 13 Women, Odey Asset Management Winded Down Alongside Odey Wealth & Brook Asset Management in 2023 “
UK $3.8 Billion Hedge Fund Odey Asset Management Winds Down Alongside Odey Wealth & Brook Asset Management, 5 Months after Founder Crispin Odey Left Firm & Name Removed from Firm after Sexual Assaults Allegations by 13 Women
2nd November 2023 – UK hedge fund Odey Asset Management ($3.8 billion AUM, Assets under Management) is winding down the business alongside Odey Wealth & Brook Asset Management, 5 months after founder Crispin Odey left the firm and name Odey name removed from the company after founder Crispin Odey sexual assaults allegations by 13 women. The notice: “Odey Asset Management Is In The Process Of Winding Down – Odey Asset Management, including Brook Asset Management and Odey Wealth, will be closing. Fund Managers and Funds have moved to new Asset Managers. You can find information below on where Odey funds have moved to and who to contact if you need more information.” In 2022 December, 4 women had accused Crispin Odey of sexual assault allegations. In 2021, Crispin Odey was acquitted in court of a sexual assault due to inconsistencies from the victim. Odey was established by Crispin Odey in 1991 to focus on active fund management. Before founding Odey, Crispin managed the Baring European Growth Trust and Continental European pension funds at Barings Asset Management and Framlington Fund Managers. Crispin graduated from Christ Church, Oxford in 1980 where he read History & Economics. Odey Asset Management is part of the Odey Group which also includes Brook Asset Management and our private wealth specialists, Odey Wealth. More info below:
UK $3.8 Billion Hedge Fund Odey Asset Management Stopped Subscriptions & Redemptions after Withdrawal Requests of 19% from Flagship European Inc Hedge Fund and 35% of OEI Mac Inc Fund, Founder Crispin Odey Had Left Firm & Name Removed from Firm after Sexual Assaults Allegations by 13 Women
30th June 2023 – UK hedge fund Odey Asset Management ($3.8 billion AUM, Assets under Management) had stopped subscriptions & redemptions after withdrawal requests of 19% from flagship European Inc Hedge Fund and 35% of OEI Mac Inc Fund. Odey Asset Management had earlier removed Odey name from the company after founder Crispin Odey sexual assaults allegations by 13 women. Crispin Odey had also left the firm. Morgan Stanley had also been reported to be terminating its business relationship with $3.8 billion UK (United Kingdom) hedge fund Odey Asset Management over founder Crispin Odey sexual assaults allegations. Odey was established by Crispin Odey in 1991 to focus on active fund management.
UK $3.8 Billion Hedge Fund Odey Asset Management to Remove Odey Name from Company after Founder Crispin Odey Sexual Assaults Allegations by 13 Women
13th June 2023 – UK hedge fund Odey Asset Management ($3.8 billion AUM, Assets under Management) will remove Odey name from the company after founder Crispin Odey sexual assaults allegations by 13 women. Crispin Odey is also leaving the firm. Morgan Stanley had also been reported to be terminating its business relationship with $3.8 billion UK (United Kingdom) hedge fund Odey Asset Management over founder Crispin Odey sexual assaults allegations. Odey was established by Crispin Odey in 1991 to focus on active fund management.
UK $3.8 Billion Hedge Fund Odey Asset Management Founder Crispin Odey to Leave Firm after Sexual Assaults Allegations by 13 Women
11th June 2023 – UK hedge fund Odey Asset Management ($3.8 billion AUM, Assets under Management) founder Crispin Odey will be leaving the firm after sexual assaults allegations by 13 women. Morgan Stanley had also been reported to be terminating its business relationship with $3.8 billion UK (United Kingdom) hedge fund Odey Asset Management over founder Crispin Odey sexual assaults allegations. Odey was established by Crispin Odey in 1991 to focus on active fund management. More info below.
Morgan Stanley Terminates Relationship with $3.8 Billion Hedge Fund Odey Asset Management Over Founder Crispin Odey Sexual Assaults Allegations
9th June 2023 – Morgan Stanley has been reported to be terminating its business relationship with $3.8 billion UK (United Kingdom) hedge fund Odey Asset Management over founder Crispin Odey sexual assaults allegations. In 2022 December, 4 women had accused Crispin Odey of sexual assault allegations. In 2021, Crispin Odey was acquitted in court of a sexual assault due to inconsistencies from the victim. Odey was established by Crispin Odey in 1991 to focus on active fund management. Before founding Odey, Crispin managed the Baring European Growth Trust and Continental European pension funds at Barings Asset Management and Framlington Fund Managers. Crispin graduated from Christ Church, Oxford in 1980 where he read History & Economics. Odey Asset Management is part of the Odey Group which also includes Brook Asset Management and our private wealth specialists, Odey Wealth.
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