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Odey banned from City and fined £1.8m by watchdog
The Guardian
|March 18, 2025
The hedge fund manager Crispin Odey will be banned from the City and hit with a £1.8m fine by the UK financial watchdog for attempting to "frustrate" a disciplinary process into sexual harassment allegations.
The Financial Conduct Authority said yesterday that Odey had shown "reckless disregard" for the governance of his hedge fund and his conduct proved he was "not a fit and proper person to perform any function related to regulated activities".
The 66-year-old Conservative and Brexit donor intends to launch an upper tribunal challenge to the decision, which relates to his behaviour between December 2021 and November 2022.
This story is from the March 18, 2025 edition of The Guardian.
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