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☆ Weight-related bullying risk goes up the more time teens spend on social media, study shows
▼ + stars: | 2024-04-17 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

The more time adolescents spend on screens and social media, the greater the likelihood that they will be bullied about their weight, according to the study. An X spokesperson said the social media platform’s policies had evolved since the data was first collected. “Weight stigma and bias are common on social media,” Ganson said in an email. “Social media use is ubiquitous among adolescents,” he added. Then, you can come up with solutions together on how to handle social media moving forward, Hanson said.

Persons: ”, Kyle Ganson, Twitch, Joe Benarroch, Elizabeth Busby, “, “ We’ll, ” Busby, Kendrin Sonneville, Sonneville, ” Ganson, Crispin la Valiente, Oona Hanson, ” Hanson, ’ ” Sonneville, “ Young, ‘, ’ ” Hanson, Ganson, Hanson, ” Sonneville Organizations: CNN, PLOS, Survey, Inwentash, Social, University of Toronto, Twitter, Advisory Council, Ambassadors, Guilds, University of Michigan School of Public Health, Getty Locations: Australia, Canada, Chile, Mexico, United Kingdom, United States, U.S, Los Angeles

☆ Odey Asset Management to close, website statement reads
▼ + stars: | 2023-10-31 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

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

☆ UN chief spotlights worsening rights in Myanmar as journalist jailed for 20 years for cyclone coverage
▼ + stars: | 2023-09-07 | by ( Helen Regan | ) edition.cnn.com time to read: +6 min

Sai Zaw Thaike was in western Rakhine state to report on the aftermath of the devastating Cyclone Mocha, which killed over 140 people and caused widespread destruction. He was arrested by junta soldiers in the state capital Sittwe on May 23, Myanmar Now reported. Sai Zaw Thaike, a photojournalist for the independent news website Myanmar Now, works at his desk in Yangon, Myanmar in August 2020. “Myanmar authorities’ grotesque 20-year sentencing of Myanmar Now journalist Sai Zaw Thaike on blatantly bogus charges is an outrage and should be immediately reversed,” Shawn Crispin, CPJ’s senior Southeast Asia representative said in a statement. “Myanmar’s junta must stop imprisoning members of the press for merely doing their jobs as reporters.”CNN has not been able to immediately reach the Myanmar junta.

Persons: CNN — Myanmar’s, General António Guterres, “, Guterres, Sai Zaw Thaike, Sai Zaw, Swe Win, ”, Cyclone, ” Shawn Crispin, CPJ’s, Suu Kyi, Farhan Haq, Suu, Min Aung, Kamala Harris Organizations: CNN, United Nations ’, UN, Association of Southeast Asian Nations, ASEAN, People’s Defense Forces, AP, Protect Journalists, Southeast, ” CNN, Myanmar, Reuters Locations: Myanmar, Rakhine, Indonesia’s, Jakarta, Sittwe, Sai, Yangon, AP Myanmar, Southeast Asia, ”, Philippines, United States

Work on an insurance mechanism follows Russia’s withdrawal from the Black Sea Grain Initiative last month, which threatens the safe passage of ships carrying grain to and from Ukrainian ports. To keep grain shipments moving, Ukraine’s government will share potential losses with insurers, which should make cover for travel through risky Ukrainian waters more affordable for commercial shipping companies. Russia’s withdrawal from the grain deal has had a chilling effect on merchant shipping around Ukraine’s three Black Sea ports as the Kremlin warned that ships leaving these ports might come under attack. And earlier this month a Russian warship fired warning shots and boarded a cargo ship in the Black Sea it claims was headed to Ukraine. Last week, the Hong Kong-flagged Joseph Schulte container ship became the first vessel to depart from any of Ukraine’s Black Sea ports since the grain deal broke down on July 17.

Persons: —, ” Oleksandr Hryban, Marsh McLennan, Marsh, Oliver Wyman —, Hryban, Marcus Baker, ” Baker, Crispin Ellison, Oliver Wyman, ” Marsh McLennan, Joseph Schulte, Volodymyr Zelensky, ” Organizations: Kyiv CNN —, United Nations, “, CNN, Initiative, Kremlin, ” Locations: Kyiv, Kyiv CNN — Ukraine, Ukrainian, Turkey, London, Marsh, Russia, Ukraine, Russian, Hong Kong, Odesa, ” Ukraine

The nation’s best-known public universities have been on an unfettered spending spree. Over the past two decades, they erected new skylines, poured money into big-time sports programs and hired layers of administrators. Then they passed the bill along to students. The Gatton Student Center courtyard at the University of Kentucky. Photo: Jon Cherry for The Wall Street Journal

Persons: Jon Cherry Organizations: The Gatton Student, University of Kentucky, Wall Street

☆ Seven children killed in fire at Congolese camp for displaced flood victims
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +1 min

BUKAVU, Democratic Republic of Congo, Aug 19 (Reuters) - At least seven children were killed in eastern Congo on Saturday after a fire broke out at camp for people displaced by flooding, local official Thomas Bakenga said. The children killed in the fire were aged between one and five, while four adults were in a critical condition in hospital, Kalehe territorial administrator Bakenga told Reuters. The deaths bring further tragedy to a community still grieving the loss of at least 460 people in the floods. Overall, close to 9,000 people were impacted by the disaster, which saw flood waters bury buildings in mud and cut off roads. Reporting by Crispin Kyala; Writing by Alessandra Prentice; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: BUKAVU, Thomas Bakenga, Bakenga, Crispin Kyala, Alessandra Prentice, Alison Williams Organizations: Democratic, Reuters, Thomson Locations: Democratic Republic of Congo, Congo, Kalehe, Bushushu, South Kivu

☆ Flagship Odey fund slimmed down by manager Neave, exits commodity futures
▼ + stars: | 2023-08-02 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

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

☆ Jelly Roll’s ‘Save Me’ and the Music of Addiction and Recovery - The New York Times
▼ + stars: | 2023-07-23 | by ( Crispin Sartwell | ) www.nytimes.com time to read: +3 min

In a country riddled with crises — the opioid epidemic, mass incarceration, the mental health crisis and gun violence among them — Jelly Roll’s music is an expression not just of musical tastes, but also of a desperate national hunger for healing and recovery. Disclosure: Jelly Roll’s music makes me cry, too. I lost a brother and two stepbrothers to addiction and mental illness: Bob was killed in a drug-motivated shooting in 1984. These are the sorts of experiences that Jelly Roll is bringing to the charts: very common devastating experiences of betrayal and survivor’s guilt and despair that, despite their prevalence, are not usually made public. And as the ABC News Studios documentary “Jelly Roll: Save Me” makes clear, he is still struggling.

Persons: Rollmania, Bob, Adam, Jim, Jelly Roll’s, Morgan Wallen’s, Wallen’s, ”, “, David Allan Coe, Nan Goldin Organizations: ABC News Studios Locations: Nashville

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

☆ International Criminal Court rejects Philippine attempt to block drugs war killings probe
▼ + stars: | 2023-07-18 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

The decision comes after the ICC said in January it would revive its investigation into possible “crimes against humanity” during Duterte’s tenure. More than 6,000 people have been killed in anti-drug operations since Duterte launched his controversial drug war soon after taking office in 2016, according to police data. Duterte’s administration and its successor under President Ferdinand Marcos Jr. have pushed back against the ICC’s probe into drug war killings in the country, denouncing the investigations as unjust. The Philippines was formerly a signatory to the ICC but Duterte canceled the country’s membership after the court began probing his drug war. Remulla accused the ICC of having a “political agenda” to resume the investigation, and is an interference to the freedom and sovereignty of the country.

Persons: Rodrigo Duterte’s, Marc Perrin de Brichambaut, ”, Duterte, Kristina Conti, Ferdinand Marcos Jr, pullout, Marcos Jr, Jesus Crispin Remulla, Remulla, ” Bryony Lau, “, Marcos Organizations: CNN, Criminal Court, ICC, Hague, Twitter, Duterte, Human Rights Locations: Philippine, Philippines, Manila, Asia

☆ 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

☆ Odey Asset Management to move Adrian Courtenay's fund to Green Ash Partners -letter to investors
▼ + stars: | 2023-07-03 | by ( Nell Mackenzie | ) www.reuters.com time to read: +1 min

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

☆ Barclays seeks to stop being corporate banker to Odey Asset Management, Financial Times reports
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +2 min

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

☆ Odey Asset Management pushes to restructure funds -letters
▼ + stars: | 2023-06-30 | by ( Carolina Mandl | ) www.reuters.com time to read: +1 min

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

☆ On a Caribbean Island, Young People Find Freedom in ‘Bike Life’
▼ + stars: | 2023-06-22 | by ( Cédrine Scheidig | Steven Moity | ) www.nytimes.com time to read: +1 min

On a warm evening in October 2021, Enzo Crispin mounted his cobalt motorcycle and set off into the night. Hundreds of others joined his caravan, the rumbles of their engines filling the air of Fort-de-France, the capital of the French Caribbean island territory of Martinique. They are banned in Martinique; participating in one can be punishable by a year in prison and a 15,000 euro fine. Most of the cabrage riders are men in their late teens to 20s. It’s a moment when you only think of yourself, no one else.” (All interviews have been translated from French.)

Persons: Enzo Crispin, Enzo, hasn’t, Aliker, ”, “ Organizations: Stade Pierre Locations: Fort, de, France, French, Martinique

☆ Investor and His Hedge Fund Are Rocked by Sex Assault Allegations
▼ + stars: | 2023-06-17 | by ( Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

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

☆ Factbox: Who are Crispin Odey and hedge fund Odey Asset Management?
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +5 min

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's embattled hedge fund to be broken up as Wall Street banks cut ties over sexual harassment allegations
▼ + stars: | 2023-06-15 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

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

☆ Odey Asset Management freezes funds as clients pull money, prime brokers flee
▼ + stars: | 2023-06-13 | by ( Nell Mackenzie | ) www.reuters.com time to read: +3 min

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

☆ Odey Asset Management sets out replacement plans for Crispin Odey
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

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

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