Two of the world's largest investment banks are reportedly reviewing their broking relationships with Odey Asset Management amid claims of sexual misconduct by its founder
Two of the world's largest investment banks are reportedly reviewing their broking relationships with the UK's Odey Asset Management amid allegations of long-term sexual misconduct by its founder.
The Financial Times alleged that Crispin Odey had faced a string of complaints about his behaviour over decades. Its investigation highlighted allegations of sexual harassment or assault by 13 women against the wealthy hedge fund manager over a 25-year period. Mr Odey, who is believed to be worth hundreds of millions of pounds, has strenuously denied the claims.
The Reuters news agency, citing sources, said that JPMorgan and Morgan Stanley were reviewing their prime broking relationships with Odey Asset Management in the wake of the FT report.
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