Odey Asset Management, a hedge fund firm founded by Crispin Odey, is winding down, with some staff and strategies moving to other managers.
Notices posted on the Odey Asset Management website on Oct. 31 outlined the changes to the firm, which has been in the process of finding new homes for its staff and strategies this year. The changes followed accusations of sexual harassment and assault against Odey that were reported in the Financial Times in June.
Odey founded the firm in 1991 and was removed from the manager in June following the accusations, which he denied, Bloomberg reported.
Odey stepped down as co-CEO of the firm in 2020 to concentrate on running assets.
The notice said fund managers James Hanbury and Jamie Grimston have moved to Lancaster Investment Management, along with five strategies.
Oliver Kelton moved to S.W. Mitchell Capital along with four strategies.
Freddie Neave, who was named as the lead manager on the flagship Odey European Inc. hedge fund and the OEI MAC fund following Odey's removal from the firm, has moved to Bainbridge Partners. The two strategies will be consolidated into new funds run at Bainbridge, the notice said.
Geoffrey Marson moved to Canaccord Genuity, along with the Odey Opportunity fund.
Fund managers Adrian Courtenay and the Odey Special Situations fund moved to Green Ash Partners.
Several strategies already closed or are in the process of closing, including the Odey Swan fund, which is currently housed at S.W. Mitchell, and the Brook Global Emerging Markets fund.
Odey AM had run about $4.3 billion in assets, according to Bloomberg.
