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Watchdog investigating Odey fund after sexual misconduct allegations
The Guardian
|June 09, 2023
The UK's financial regulator is investigating the hedge fund of the multimillionaire Conservative donor Crispin Odey after a number of female employees made allegations of sexual misconduct against him.
The Financial Conduct Authority (FCA) is understood to be widening an existing investigation into allegations of misconduct at his firm, Odey Asset Management (OAM), after the Financial Times reported allegations yesterday that Odey had abused or harassed 13 women over decades.
The Financial Times first reported that the FCA was expanding its investigation to consider potential non-financial misconduct by Odey.
Odey confirmed he had been previously "cross-examined" by the FCA over allegations in an investigation he claimed had been closed.
The watchdog said it was unable to comment, but sources close to the regulator said the scope of an investigation changes depending on the evidence.
Dit verhaal komt uit de June 09, 2023-editie van The Guardian.
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