![]() ![]() Odey Asset Managent has been left scrambling to reassure clients and partners after the FT last week published an investigation into Mr Odey’s treatment of women over a 25-year period that included multiple new allegations of sexual harassment or assault. ![]() The committee is scrutinising the watchdog’s oversight of the business after the FT reported that Mr Odey threatened to sue the FCA if it did not drop an investigation into sexual misconduct at his hedge fund.Ī spokesman for the FCA said: “We understand the committee’s interest in this and we’ll of course reply shortly.” Mr Odey faced a previous accusation of indecent assault but was found not guilty in a 2021 trial. The letter also noted that Mr Odey’s regulatory registry status with the FCA was downgraded to a “client dealing” role a few months ahead of the criminal trial of the chief executive and partner. The committee is planning to grill FCA bosses next month. It asked whether it was expanding its investigation into Odey and the FCA’s wider work on non-financial misconduct. The committee put a series of questions to Nikhil Rathi, the FCA’s chief executive, about the regulator’s supervision of Odey Asset Management. “The FT paints a deeply negative picture of one powerful individual’s conduct regarding those two committee priorities and is potentially damaging to the reputation of the entire sector.” Ms Baldwin said: “Culture in financial services, and the experiences of women in the industry, have been ongoing concerns of the Treasury Committee. The accusations were reported by the Financial Times. In a letter to bosses at the Financial Conduct Authority (FCA), Harriett Baldwin, chairman of the Treasury committee, called for the regulator to disclose more information about its oversight of the scandal-hit hedge fund.Ĭrispen Odey was forced to leave the hedge fund he founded last weekend following a slew of new sexual misconduct allegations made against him, which he denies. An influential group of MPs has ordered the City watchdog to reveal the extent of its investigation into Odey Asset Management following “deeply troubling” allegations made against the firm’s founder. ![]()
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