Odey Asset Management (OAM) is working on the final steps to wind down operations after U.K. regulators wrapped up their investigation. In a recent letter, the firm told investors that it has applied for the cancellation of its permissions as it is no longer managing any clients. OAM also provided an update on the investigation into the firm following a series of sexual misconduct allegations raised by women against founder Crispin Odey. FCA decides not to take action against Odey Asset Management Odey Asset Management reported that the U.K. Financial Conduct Authority (FCA) has completed its investigation and “will not…
Odey Asset Management Winds Down Operations as FCA Wraps Up Probe of Firm with No Action
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
