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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.

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Crispin Odey will appeal the lifetime ban and fine the FCA is seeking to impose on him
Caption: Crispin Odey, founding partner of Odey Asset Management LLP, has been banned from the finance industry for life and fined.
(Hollie Adams/ Bloomberg)

Overview

  • 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.