Odey Asset Management, whose founder has been engulfed by sexual harassment claims, was the seller of a stake in AO bought by Frasers Group on Friday, Sky News learns.
A spokesman for Odey declined to comment on the issue or on the level of client redemptions the firm was experiencing.
In a statement this week, Odey Asset Management said it"cannot comment in detail on the various allegations which are being looked into by our lawyers". For Mr Ashley, the swoop on AO represents the kind of opportunistic trade for which he has become renowned.
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