© Reuters. SUBMIT IMAGE: Hedge fund supervisor Crispin Odey beings in a lorry leaving Westminster Magistrates’ Court, after being located not guilty of indecent attack, throughout a three-day lengthy test in London, Britain, March 11, 2021. REUTERS/John Sibley
By Nell Mackenzie and also Kirstin Ridley
LONDON (Reuters) -Goldman Sachs, JPMorgan (NYSE:-RRB- and also Morgan Stanley (NYSE:-RRB- are examining their prime broking connections with Odey Possession Monitoring after claims of sex-related transgression were reported by the Financial Times and also Turtle Media on Thursday, resources aware of the issue stated.
The feet reported that 13 females affirmed owner and also proprietor Crispin Odey had actually sexually attacked or bothered them over a 25-year duration.
” This is a rehash of an old short article and also none of the claims have actually been stood in a court or an examination,” Crispin Odey informed Reuters by phone.
Odey was free from indecent attack costs by a British court in 2021. The UK regulatory authority, the Financial Conduct Authority, has actually been examining Odey considering that 2021.
An FCA agent stated: “We are incapable to talk about people or details companies. Nevertheless, we take claims of non-financial transgression seriously and also anticipate companies to have appropriate administration treatments in position that guarantees claims of transgression are correctly examined.”
Odey Possession Monitoring did not react quickly to 4 call and also 4 e-mails asking for talk about the financial institution evaluations and also the FCA examination, consisting of Goldman Sachs (NYSE:-RRB-.
Describing Morgan Stanley’s strategies to reduce its prime broking partnership with Odey Possession Monitoring, Odey informed Reuters: “That is an enormously fast response to an accusation by the FT.”
The feet was likewise the very first to report information of Morgan Stanley’s choice, which a resource verified to Reuters individually.
A resource aware of the issue informed Reuters JPMorgan was likewise examining its partnership with Odey Possession Monitoring.
Prime brokers provide hedge funds the cash they require in order to promote financial investments. Their support can be necessary to the performance of the bush fund.
A resource at one of the financial institutions stated the claims of transgression at Odey Possession Monitoring contravened their requirements.
Duncan Lamont, an expert at law practice Charles Russell Speechlys, which stands for Odey Possession Monitoring, did not reply to duplicated telephone calls and also e-mails requesting for remark.
Morgan Stanley and also JPMorgan decreased to comment. UBS and also Goldman Sachs, whose regulative filings likewise reveal them as prime brokers to Odey Possession Monitoring, likewise decreased to comment.
Crispin Odey, among Britain’s best-known bush fund supervisors and also a leading backer of Brexit, involved prestige throughout the 2008 monetary dilemma when he succeeded shorting financial shares.
Reuters reported in September 2022 that Odey Possession Monitoring supervised concerning 4 billion extra pounds in possessions.
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