London | Odey Asset Management is to close five months after allegations of sexual assault and harassment against its founder, Crispin Odey, plunged one of London’s oldest hedge fund groups into crisis.
The firm, which the 64-year-old founded in 1991, announced on its website on Tuesday (Wednesday AEDT): “Odey Asset Management, including Brook Asset Management and Odey Wealth, will be closing. Fund managers and funds have moved to new asset managers.”