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Crispin Odey's fund breaks up, JPMorgan cuts ties over sexual harassment

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London's embattled hedge fund to be broken up as Wall Street banks cut ties over sexual harassment allegations

Embattled Odey Asset Management is to break itself up after high-profile Wall Street names JPMorgan and Morgan Stanley cut ties with the London-based hedge fund in the wake of a string of sexual harassment allegations against its founder.

Investment powerhouses JPMorgan, Morgan Stanley, and UBS have all since cut ties with the hedge fund, whose executive committee said on June 10 that Odey would no longer be involved with the company he founded in 1991.

 

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