Odey’s Firm Fights for Survival After Split With Founder
- Crispin Odey has been accused by multiple women of assault
- Odey Asset Management ousted its founder over the weekend
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Odey Asset Management is grappling with the complexities of splitting up with the man whose name is on the door while early signs indicate clients and business partners aren’t waiting around to find out.
The London-based investment firm, which manages about $4.3 billion, said on Saturday that it had fully divorced itself from its founder in the wake of sexual assault allegations. That didn’t stop a wave of client redemptions on Monday forcing a fund closure and the gating of two others. The reality of the separation may prove more complicated given that Crispin Odey, 64, is its founder, longest running fund manager, public face and one of its largest clients.