Odey to Shutter Only Fund Run by Female Money Manager
- Global EM fund will close no later than Sept. 22, letter says
- The firm has shut two other funds and moving money managers
This article is for subscribers only.
Odey Asset Management is shutting an emerging markets fund as the firm continues to reorganize in the wake of sexual assault allegations against founder Crispin Odey.
The Brook Global Emerging Markets Fund — run by Sophia Whitbread, the only female portfolio manager at what used to be Crispin Odey’s investment empire — will close no later than Sept. 22 “due to the significant reduction in assets under management,” the firm said Tuesday in a letter to clients.