Hedge Fund Manager Crispin Odey Fined £1.8M and Banned from UK Financial Industry

The Financial Conduct Authority ruled that Odey demonstrated a lack of integrity and obstructed disciplinary processes related to sexual harassment allegations.

The Financial Conduct Authority (FCA) fined Crispin Odey £1.8 million and banned him from the UK financial services industry for misconduct and lack of integrity.
Odey was accused of obstructing disciplinary processes at his hedge fund, Odey Asset Management (OAM), to protect his own interests.
The FCA stated that Odey’s behavior, including attempts to delay and manipulate internal hearings, demonstrated he was not fit for roles in regulated financial activities.
The allegations against Odey, published in 2023, included claims of sexual harassment and assault from multiple women, leading to his removal from OAM and the fund's closure.
Odey has denied the allegations and is appealing the FCA's ruling through the Upper Tribunal, while also pursuing a libel case against the Financial Times for its reporting on the accusations.