In a short statement on its website, the investment company said it has transferred all funds to new asset managers and is being wound down. 'Odey Asset Management, including Brook Asset Management and Odey Wealth, will be closing,' it said. 'Fund managers and funds have moved to new asset managers.' The group added: 'Staff remain to wind down the business and make sure investors are looked after.
He founded Odey Asset Management in 1991, but in June, the Financial Times published a series of allegations of sexual harassment or misconduct by Mr Odey, which he denies. The newspaper - together with Tortoise Media - said it had spoken to 13 women who claimed they were abused or harassed by the 64-year-old fund manager. He was ousted from the firm in June, shortly after the allegations, and the hedge fund has since been fighting for survival. The group had around 4.