British investment firm Odey Asset Management has fired its founder, Crispin Odey, after fresh allegations of sexual misconduct. The hedge fund no longer wanted to have anything to do with the British investor.
“As of today, Audi will have no economic or personal involvement,” the London-based company said in a statement. The investment firm continues by the remaining partners. Audi, 64, declined to comment.
Thirteen women reported this week financial times that Audi sexually assaulted or harassed them. The UK’s financial watchdog, the FCA, is said to have been conducting a multi-year investigation into the asset manager.
This is not the first time accusations against the businessman have surfaced. He was acquitted of assault in 2021, but new charges surfaced shortly thereafter.
After an article financial times Noon, the American investment bank Morgan Stanley has already decided to cut ties with Odey’s company. JPMorgan Chase and Goldman Sachs said they are reviewing their relationship with the company. Some of Odey’s customers are said to have demanded their money back from the company.