Crispin Odey Cuts Business Ties to His Family in Further Retreat

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Crispin Odey has stepped back from several companies connected to his family, marking the hedge fund founder’s latest retreat from business activities following sexual harassment allegations.

Odey, 64, resigned this month as a director of three UK companies that oversee assets for his adult children, according to registry filings. One of the firms holds an investment in UK asset manager Ruffer.

Former JO Hambro executive Lisa-Marie Rowland, 58, became a director of the firms in June, the same month Odey Asset Management swiftly unraveled after the publication of a Financial Times investigation into its founder’s treatment of women over a 25-year period.The hedge fund tycoon has disappeared from numerous business roles after multiple allegations of sexual harassment and assault.

While the companies don’t publish their full investment portfolios, Eastbach holds an indirect stake in Ruffer, a London-based asset manager that manages about £24.7 billion for pension funds, charities and wealthy families. A Ruffer holding entity for the firm’s early investors paid out more than £50 million in dividends over the past two decades, with Odey receiving a chunk of that total before he transferred his stake, according to data compiled by Bloomberg.

 

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Belgique Dernières Nouvelles, Belgique Actualités