Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Odey"


25 mentions found


From major elections to inflation and recession risks, the world right now is highly unpredictable, according to Freddie Lait of Latitude Investment Management. Join CNBC's Karen Tso as she asks the fund manager how investors should navigate this uncertainty. Lait has been a managing partner at Latitude Investment Management since 2016, before which he was a fund manager at firms including Odey Asset Management and Rothschild Private Management. Join CNBC's Karen Tso as she asks the fund manager how investors should navigate this uncertainty. Join CNBC Pro Talks on Wednesday, Feb. 21, at 12 p.m. GMT / 8:00 p.m. SGT / 7 a.m.
Persons: Freddie Lait, Karen Tso, He'll, Lait, Goldman Sachs, Tesla Organizations: Latitude Investment Management, JPMorgan, Sony, BP, Odey Asset Management, Rothschild Private Management, Morningstar Locations: U.S, China
LOS ANGELES (AP) — A Los Angeles County coroner's investigator has been arrested on suspicion of stealing a gold chain and crucifix from around the neck of a dead man, prosecutors said Wednesday. The suspect, a 34-year-old man, faces one felony count of grand theft and one misdemeanor count of petty theft, the district attorney's office said in a statement. The suspect, employed by the Medical Examiner’s Office since 2018, had handled the man’s death investigation. District Attorney George Gascón said the allegations represent a violation of trust the community places in the Medical Examiner's Office. Chief Medical Examiner Dr. Odey Ukpo said his office was cooperating with the investigation.
Persons: George Gascón, Gascón, Odey Ukpo Organizations: ANGELES, Medical, Office Locations: Los Angeles County
Hedge fund manager Crispin Odey uses his phone outside of Hendon Magistrates' Court whilst facing one charge of indecent assault, in Hendon, London, Britain February 17, 2021. REUTERS/Toby Melville/ File Photo Acquire Licensing RightsLONDON, Oct 31 (Reuters) - Odey Asset Management, one of Britain's best known hedge funds, will shut, it said on Tuesday in a statement on its website, less than six months after its founder faced fresh allegations of misconduct. Crispin Odey, 64, was ousted in June from Odey Asset Management (OAM), which he founded in 1991, after the Financial Times and Tortoise Media reported that 13 women had alleged that he had sexually assaulted or harassed them. Where each fund manager would move, or if their fund was closed without finding an alternative home, was detailed on the hedge fund's website. No new fund manager for Sophia Whitbread, the only female portfolio manager listed, was named.
Persons: Crispin Odey, Toby Melville, Odey, James Hanbury, Jamie Grimston, Oliver Kelton, Freddie Neave, Geoffrey Marson, Canaccord Genuity, Adrian Courtenay, Green, Sophia Whitbread, Peter Martin, Nell Mackenzie, Alun John, Mark Potter Organizations: Hendon Magistrates, REUTERS, Odey, Management, Odey Asset Management, Financial Times, Tortoise Media, Asset Management, Lancaster Investment Management, Reuters, Inc, Bainbridge Partners, Thomson Locations: Hendon, Hendon , London, Britain, S.W, Mitchell
CNN —In the photograph that introduced millions of people to Wadea Al-Fayoume for the first time, the kindergartener is seen celebrating his sixth birthday at his home near Chicago. In his final moments, Wadea offered words of comfort to his mother, a family member revealed Monday. He is in a better place.”Wadea Al-Fayoume seen here in an undated picture. Wadea Al-Fayoume seen here in an undated picture. Mourners surround the casket of Wadea Al-Fayoume being carried by his family out of Mosque Foundation where mourners attended a funeral prayer.
Persons: Wadea, , , – Wadea, , ” Wadea’s, Yousef Hannon, ” Wadea, Fayoume, Handout, , , Wadea “, Ahmed Rehab, Joe Biden, Wadea’s, Hannon, ” Hannon, Hanaan Shahin, Rehab, Kamil Krzaczynski, Shahin, Odey, boy’s, I’m, Jim Vondruska, Reuters Chicago Mayor Brandon Johnson, ” Johnson, Omar Suleiman Organizations: CNN, Office, Chicago, Islamic, , West Bank, Rehab, Wadea, Foundation, Reuters Chicago Mayor, Yaqeen Institute, Islamic Research, Southern Methodist University Locations: Chicago, Will, ’ Chicago, United States, America, Bridgeview , Illinois, Jerusalem
OAM, which declined to comment, will send out further correspondence about how the Odey European Inc fund will be restructured, the letter said. OAM reorganised many of its funds in June and Neave took over the flagship Odey European Inc fund, amid fears of an investor exodus following the allegations. Since then, Neave has reduced the size of the hedge fund's investments in stocks, bonds and, in June, sold out of its gold futures. The fund closed out its direct exposure to gold futures, the letter said. Odey European Inc has kept some exposure to commodities through long positions related to the crude and palm oil company stocks, the letter said.
Persons: Freddie Neave, Crispin Odey's, Crispin Odey, Odey, Neave, Leopalace, Nell Mackenzie, Amanda Cooper, Alexander Smith Organizations: Reuters, Odey Asset Management, Financial Times, Tortoise Media, Inc, United Rentals, Learning Technologies, Jadestone Energy, Thomson
LONDON, July 19 (Reuters) - Britain's markets watchdog said on Wednesday it was determined to tackle complex and often sensitive cases involving non-financial misconduct and would unveil guidance on diversity inclusion in the financial services industry in September. Nikhil Rathi, the CEO of the watchdog, told a committee of lawmakers on Wednesday that the agency would investigate non-financial misconduct cases on the basis that they were relevant to "fit and proper" standards of behaviour necessary for work in financial services. He also said that the FCA and Bank of England would be "clarifying guidance" on diversity inclusion in September, which could help spell out what constitutes "non‑financial misconduct". Rathi told lawmakers that, as a financial regulator, non-financial misconduct cases have to hinge on whether they affect consumer protection, market integrity and effective competition. But Rathi also encouraged people bringing serious allegations of non-financial misconduct to go to the police or speak to the FCA through its whistleblower hotline.
Persons: Crispin Odey, Odey, Nikhil Rathi, Rathi, Ashley Alder, Kirstin Ridley, Nell Mackenzie, Jane Merriman Organizations: Financial Conduct Authority, FCA, Bank of England, Asset Management, Financial Times, Reuters, London's Metropolitan Police, Thomson Locations: Odey
UK lawmakers launch inquiry into sexism in finance
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 14 (Reuters) - British lawmakers have launched a fresh inquiry into sexism in the country's finance industry, parliament's influential Treasury committee said in a statement on Friday. The inquiry will assess issues including progress made in removing gender pay gaps, how best to support diversity and combating sexual harassment and misogyny, the committee said. The move comes amid renewed scrutiny of sexual misconduct in finance, after hedge fund founder Crispin Odey was ousted from his firm in June after allegations of sexual misconduct jointly reported by the Financial Times and Tortoise Media. The average gender pay gap across 20 of the biggest finance employers was 30.1% in favour of men in 2022, a Reuters analysis in April showed, compared to the UK average of 8.3%. This is a subject of marked importance to our Committee and we look forward to beginning work on this important topic," said Harriett Baldwin, chair of the Treasury committee.
Persons: Crispin Odey, Odey, Harriett Baldwin, Iain Withers, Josie Kao Organizations: Financial Times, Tortoise Media, Treasury, Thomson
LONDON, July 3 (Reuters) - Odey Asset Management is in advanced talks to move its special situations fund managed by Adrian Courtenay to Green Ash Partners, said a letter to investors dated July 3. Green Ash Partners is a boutique investment manager based in Switzerland and the UK with over $1 billion in assets under management, according to its website. The discussions are subject to due diligence as well as board and regulatory approvals, the letter said. "Similar discussions are ongoing in relation to other funds managed by OAM LLP and we will provide further updates about all funds in due course," the letter said. Reporting by Nell Mackenzie; Editing by Chris Reese and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Adrian Courtenay, Green, Crispin Odey, Odey, Nell Mackenzie, Chris Reese, Leslie Adler Organizations: Odey, Management, Green Ash Partners, redemptions, Financial Times, Tortoise Media, Thomson Locations: Switzerland
July 2 (Reuters) - Barclays (BARC.L) is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey. The British hedge fund has grappled with redemptions since the FT and Tortoise Media on June 8 jointly reported allegations by 13 women that Crispin Odey had sexually assaulted or harassed them over a 25-year period. OAM and Barclays did not immediately respond to a Reuters request for comment outside usual office hours. FT also reported earlier that the FCA had restricted the movement of cash and assets from OAM to restore order at the firm. Letters to OAM investors last week showed the manager has proposed to restructure two of its key funds as part of efforts to extract Crispin Odey from the business after the assault allegations.
Persons: Crispin Odey, Odey, AJ Bell, Hargreaves Lansdown, Goldman Sachs, Morgan Stanley, Rishabh, Kevin Liffey, David Holmes Organizations: Barclays, Odey Asset Management, Financial Times, redemptions, Tortoise Media, Sunday Barclays, Financial, Authority, FT, JPMorgan, Thomson Locations: British, Canada, Halifax, Bengaluru
June 30 (Reuters) - Odey Asset Management (OAM) has proposed to restructure two of its key funds, according to letters to investors reviewed by Reuters, as part of efforts to extract founder Crispin Odey from the business after several assault and harassment allegations surfaced against him. The London-based investment firm is planning to switch shareholders' investments in the OEI Mac and Odey European funds to two new funds, which would then be rehoused under a new firm, the letter added. Freddie Neave, who took over managing OEI Mac and Odey European from Crispin Odey three weeks ago, would run the new funds and leave to work at the new firm. "It is expected that Crispin Odey would not switch to the new fund and would remain in the existing fund," OAM said in both letters. The firm the alternative to this proposal would be to compulsorily redeem investors in the funds.
Persons: Crispin Odey, Freddie Neave, OEI, James Hanbury, Odey, Carolina Mandl, Juby Babu, Shweta Agarwal, Nick Zieminski Organizations: Odey, Management, Reuters, OEI Mac, Lancaster Investment Management, Financial Times, Tortoise Media, Thomson Locations: London, New York, Bengaluru
FALLING STARWhen Odey set up Odey Asset Management, it was in the afterglow of then British Prime Minister Margaret Thatcher's deregulation of the stock market in London's 1986 "Big Bang". Privately educated at the elite Harrow school, Odey left Oxford University and began his career in traditional asset management before launching Odey Asset Management. But fund performance at Odey Asset Management has been a rollercoaster, with Odey renowned for taking risks. He liked to say leverage was like a drug - once you experienced it, you could never live without it, one hedge fund manager said. Lawmakers on Britain's Treasury Select Committee have written to the FCA to question the regulator's supervision of Odey Asset Management and Odey.
Persons: Crispin Odey, Odey, Banks, Robert Sears, CIOs, Don Steinbrugge, Margaret Thatcher's, Egerton Capital, Marshall Wace, Winton, Kwasi Kwarteng, Maiya Keidan, Nell Mackenzie, Iain Withers, Lawrence White, Dhara Ranasinghe, Elisa Martinuzzi, Alex Richardson Organizations: TORONTO, Reuters, Odey Asset Management, FT, Tortoise Media, Odey, Management, Britain's Financial, Authority, Generation Partners, Odey's, HSBC, Inc, Wall Street, Agecroft Partners, British, Harrow, Oxford University, Conservative Party, Barclays, Peugeot, Hong Kong, Lawmakers, FCA, Thomson Locations: LONDON, City, London, Toronto
For three decades, Crispin Odey stood above London’s financial community, a larger-than-life financial mogul who was known for taking huge bets — and raking in big profits when they proved right. But in a little more than a week, his hedge fund is suddenly on the brink of dissolution, felled by the latest accusations of sexual assault and harassment against its 64-year-old founder. The firm, Odey Asset Management, said on Thursday that it was in “advanced discussions” to transfer funds and staff to other firms. The reason, it noted with perhaps extreme understatement, was that it had “become clear that some investment management activities of the partnership are affected by recent events.”In a sign that investors were losing confidence in the company, Odey Asset Management said it would shut down one of its funds and had halted investors from withdrawing their money from others, after what the firm described as “a sizable level of redemption requests.” In the hedge fund world, such a move, known as “gating,” is considered a drastic step meant to avoid the equivalent of a run on the bank.
Persons: Crispin Odey, Organizations: Odey Asset Management, Odey, Management Locations:
Inside the rise of a Wall Street wunderkind
  + stars: | 2023-06-16 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
Achieving success at an early age is impressive in any industry, but it's particularly awe-inspiring on Wall Street. Kuenzel, who started as an intern at hedge fund Citadel in 2018 and focused on quantitative research, spoke about his rise within Griffin's financial empire. It's a good lesson for how fixing issues at work is a surefire way to supercharge your career. The Fed and the SEC are investigating the work Goldman did with SVB in the lead-up to its failure, The Wall Street Journal reports. If you're suffering from pre-diabetes or obesity, intermittent fasting could be a good way to control your blood sugar.
Persons: Dan DeFrancesco, Wilhelm, we've, Peter Cade, Emmalyse Brownstein, Soeren Kuenzel, Ken Griffin's, Kuenzel, Griffin, Nancy Luna, Goldman Sachs, Adam Dell, Morgan Stanley, Crispin Odey, Goldman, Qi Tom Chen, Horace Mann School, Jeffrey Cane, Nathan Rennolds Organizations: Getty, Citadel Securities, Citadel, Bloomberg, Odey, Management, JPMorgan, SEC, Street, CNBC, Horace Mann, LinkedIn Locations: London, New York
Slideshow ( 3 images )LONDON (Reuters) - Odey Asset Management is “in advanced discussions” to rehouse funds and transfer staff to other asset managers, it told investors in a letter on Thursday, after imposing exit curbs on key funds in the wake of fresh misconduct allegations against its founder. News of the talks comes in a week of upheaval for the firm after the Financial Times and Tortoise Media reported a raft of fresh allegations aganst Cripsin Odey, which triggered several major global banks who provided prime brokerage services to review their relationships with the firm. Odey has denied the allegations. A spokesperson for the firm declined further comment.
Persons: Cripsin, Odey Organizations: Odey, Financial Times, Tortoise Media
Here are some key facts about Odey, London-based OAM, the allegations, and their fallout:WHO ARE CRISPIN ODEY AND ODEY ASSET MANAGEMENT? Odey, 64, founded the asset management firm which bears his name in 1991. HOW BIG IS ODEY ASSET MANAGEMENT? Schroders and Canada Life last week moved to cut back their dealings with asset management businesses with links to Odey. It is looking increasingly unlikely, even though larger funds such as Odey Asset Management Group are made up of many funds with different trading strategies.
Persons: Crispin Odey, OAM, Odey, CRISPIN ODEY, Kwasi Kwarteng, Goldman Sachs, Morgan Stanley, James Hanbury, Hanbury, Peter Martin, Carolina Mandl, Nell Mackenzie, Elisa Martinuzzi, Dhara Ranasinghe, Alexander Smith Organizations: Odey, Management, Reuters, Financial Times, WHO, Asset Management, Conservative Party, Securities and Exchange Commission, Financial, Authority, Lawmakers, JPMorgan, UBS, CAN, Odey Asset Management, Inc, Carolina, Thomson Locations: London, Schroders, New York
London-based hedge fund Odey Asset Management will break itself up, it said in a letter to investors Thursday. Its founder Crispin Odey was accused of sexual harassment by 13 women in a Financial Times investigation published last week. JPMorgan and Morgan Stanley both cut ties with the asset manager after the allegations broke. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The firm's founder Crispin Odey was accused of sexual harassment or assault by 13 women in a Financial Times investigation published last week.
Persons: Crispin Odey, Morgan Stanley, , Odey, gilts, Liz Truss's, Liz Truss Organizations: Management, Financial, JPMorgan, Service, Investment, UBS, Authority, European Union – Locations: London, Brexit
REUTERS/John Sibley/File PhotoLONDON, June 15 (Reuters) - Odey Asset Management is in advanced talks to move funds and staff to other asset managers as it grapples with the fallout of sexual misconduct allegations against its founder Crispin Odey. A spokesperson for the hedge fund declined further comment on Thursday. Hedge funds such as OAM rely on leverage from prime brokerage service providers to make their market bets. Without a prime broker, a hedge fund which needs to borrow stocks cannot function. A spokesperson for OAM also declined to comment on whether the moves signalled that the hedge fund would close.
Persons: Crispin Odey, John Sibley, Odey, Goldman Sachs, Morgan Stanley, JP Morgan, James Hanbury, Harriett Baldwin, Nell Mackenzie, Sinead Cruise, Dhara Ranasignhe, Alexander Smith Organizations: REUTERS, Odey, Management, Financial Times, Tortoise Media, Reuters, UBS, Authority, Asset Management, FCA, Treasury, Thomson Locations: Westminster, London, Britain
A spokesperson for the hedge fund declined further comment on Thursday. Big banks typically agree terms with hedge funds that allow them to cut ties at short notice, five sources from prime brokerages and hedge funds told Reuters. Prime brokerages may now refine due diligence processes and perform more thorough background checks on hedge funds, said Jim Neumann, chief investment officer of Sussex Partners, which advises investors on how they give their money to hedge funds. But many of these agreements mainly focus on the financial viability of the hedge fund, two of the sources said. One hedge fund manager said he was asked in his due diligence with the bank if he was approved by the UK regulator, the Financial Conduct Authority.
Persons: Banks, Crispin Odey, Goldman Sachs, Morgan Stanley, MS.N, Odey, Epstein, Michael Oliver Weinberg, JPMorgan Chase, JPM.N, Jeffrey Epstein, Bill Hwang, brokerages, Jim Neumann, Neumann, Archegos, Erika Kelton, Phillips, Cohen, Nell Mackenzie, Kirstin Ridley, Carolina Mandl, Dhara Ranasinghe, Elisa Martinuzzi, Matthew Lewis Organizations: Wall, Odey, Management, Financial Times, Tortoise Media, JPMorgan, Odey Asset Management, Reuters, CMT, Archegos Capital Management, Sussex Partners, UBS, Financial, Authority, Thomson Locations: London, New York
LONDON, June 13 (Reuters) - Odey Asset Management (OAM) is closing one fund and restricting money clients can pull from another, two investor letters showed, just as the hedge fund was scrambling on Tuesday to keep its prime brokers from ending vital relationships with the firm. Odey Asset Management has closed its Odey Swan Fund and is restricting the money clients can pull from its Brook Developed Markets Fund, according to investor letters seen by Reuters. An OAM spokesperson declined to comment but confirmed the letter about the Brook Developed Markets Fund and was not immediately available to respond to a request about the closure of the Swan Fund. He did not respond when contacted by Reuters on Tuesday about either the Brook or Swan fund. Brook Developed Markets Fund is open to retail investors and had about $216 million, as of the end of February, the latest data from Morningstar showed.
Persons: Crispin Odey, Odey, Goldman Sachs, Morgan Stanley, Swan, Nell Mackenzie, Dhara Ranasinghe, Elisa Martinuzzi, Susan Fenton Organizations: Odey, Management, Financial Times, Tortoise Media, Reuters, JPMorgan, Swan, Swan Fund, Morningstar, Thomson
Morning Bid: Markets drift ahead of central bank extravaganza
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +2 min
A look at the day ahead in European and global markets from Ankur BanerjeeAfter surprise interest rate hikes from the Reserve Bank of Australia and Bank of Canada, investors are a bit nervy heading into a week that brings us three major central banks meetings. Last week's moves have inflamed uncertainty in investor minds about whether the U.S. Federal Reserve will skip or surprise on Wednesday. CME Fedwatch tool showed the probability of the Fed standing still is over 70%, but with inflation data due on Tuesday there may just be a late sting in the tail. No such surprises are expected from the European Central Bank or Bank of Japan, with markets widely expecting the ECB to hike and stay hawkish, and the BOJ to stick to its ultra-loose monetary policy. Reuters GraphicsReuters GraphicsWith not a lot on the data calendar, stocks in Asia are muted, while the U.S. dollar is steady.
Persons: Ankur Banerjee, BioNTech, Crispin Odey, Nicola Sturgeon, Christopher Cushing Organizations: Ankur, Reserve Bank of Australia, Bank of Canada, Fed, ECB, U.S . Federal Reserve, CME, European Central Bank, Bank of Japan, Reuters Graphics Reuters, U.S ., Nikkei, Odey, Management, Scottish First, Scottish National Party ., Thomson Locations: Asia, Germany, Britain, Denmark, Czech Republic, Turkey, Singapore
LONDON, June 11 (Reuters) - Odey Asset Management Partnership has started its replacement plan for Crispin Odey after severing "personal and economic involvement" with the founder, following allegations of sexual misconduct, said a letter seen by Reuters on Sunday. Freddie Neave will take over full responsibility of the Odey European Inc (OEI) and OEI Mac funds. James Hanbury will assume leadership of the LP Odey Opus Fund and Oliver Kelton will take the Odey Pan European Fund. Odey Swan Fund will be taken on by Neave as an interim leader before a final fund manager is decided upon by the board, said the letter. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 women that Odey had sexually assaulted or harassed them over a 25-year period.
Persons: Crispin Odey, Freddie Neave, James Hanbury, Oliver Kelton, Neave, Odey, Nell Mackenzie, Marguerita Choy Organizations: Odey, Reuters, Sunday, Pan European, Financial Times, Thomson
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/crispin-odey-departs-hedge-fund-he-founded-after-sexual-abuse-allegations-e4f1a60c
Persons: Dow Jones, crispin, odey
June 10 (Reuters) - Crispin Odey, one of Britain's best-known hedge fund managers, is leaving Odey Asset Management following allegations of sexual misconduct, the firm's executive committee said on Saturday. Here are some key facts about Odey, his London-based hedge fund, the allegations, and the fallout:WHO IS CRISPIN ODEY AND ODEY ASSET MANAGEMENT? Odey Asset Management (OAM) is known for highly leveraged bets trading global equities, debt, currencies and commodities. Besides Odey Asset Management, the group also runs Brook Asset Management and Odey Wealth, a private wealth unit. Brook Asset Management and Odey Wealth, both part of the Odey Group, are run by different portfolio managers such as James Hanbury and Peter Martin, the chief executive of Odey Asset Management.
Persons: Crispin Odey, Odey, CRISPIN ODEY, Kwasi Kwarteng, ODEY, James Hanbury, Peter Martin, Goldman Sachs, Morgan Stanley, Schroders, Carolina Mandl, Nell Mackenzie, Dhara Ranasinghe, Daniel Wallis Organizations: Odey, Management, Financial Times, WHO, Conservative Party, Odey Asset Management, Asset Management, Securities and Exchange Commission, Reuters, Financial, Authority, Inc, JPMorgan, UBS, Carolina, Thomson Locations: London, New York
NEW YORK/LONDON, June 10 (Reuters) - Crispin Odey, one of Britain's best-known hedge fund managers, will be leaving the company he founded, Odey Asset Management, following allegations of sexual misconduct, the firm's executive committee said on Saturday. Odey and Duncan Lamont, a consultant at law firm Charles Russell Speechlys, which represents Odey Asset Management (OAM), did not immediately respond to a Reuters request for comment about the hedge fund manager's departure. OAM will continue to operate without him and his partners will control and manage the asset management firm, the company said. It added it has been investigating allegations concerning Odey, but cannot comment in detail because it is bound by legal obligations of confidentiality. Odey told the FT on Saturday that he had been notified of the firm's position, adding: "You have to have (a) willing buyer, willing seller."
Persons: Crispin Odey, Odey, Duncan Lamont, Charles Russell Speechlys, Goldman Sachs, Morgan Stanley, Goldman, Carolina Mandl, Nell Mackenzie, Kirstin Ridley, Elisa Martinuzzi, Daniel Wallis Organizations: Odey Asset Management, Financial Times, Management, JPMorgan, Reuters, UBS, Conservative Party, Securities and Exchange Commission, Financial, Authority, Carolina, Thomson Locations: Brexit, British, New York, London
Odey Asset Management "does not recognise the picture of the firm that has been painted" by the allegations, it told investors in a letter seen by Reuters. Within hours of the report being published, Wall Street firms including Goldman Sachs (GS.N), JPMorgan (JPM.N) and Morgan Stanley (MS.N) began reviewing their prime broking ties with Odey Asset Management, sources familiar with the matter told Reuters. "We are confident our service providers will continue to work with us," an Odey Asset Management letter said later. Industry experts consulted by Reuters said that did not necessarily indicate a major change in culture in the City, however. A London employment tribunal last month awarded a former Algebris employee over 32,000 pounds in a sex harassment claim against the asset management company.
Persons: Crispin Odey, Odey, Goldman Sachs, Morgan Stanley, MS.N, Schroders, Evan Nierman, Megan Tobias Neely, Neely, retrained, Daniel Beunza, Davide Serra, Serra, Algebris, Yasmine Chinwala, Nell Mackenzie, Sinead Cruise, Naomi Rovnick, Dhara Ranasinghe, Rosalba O'Brien Organizations: Odey Asset Management, Financial Times, Tortoise Media, Reuters, Odey, Wall, JPMorgan, FT, Financial, Bayes Business, Labour Party, New, Thomson Locations: City, London, Britain, New York
Total: 25