© Reuters. SUBMIT IMAGE: DATA IMAGE: Crispin Odey gets to Westminster Magistrates Court in London, Britain September 28, 2020. REUTERS/Hannah McKay/File Image
( Reuters) -Odey Possession Monitoring has actually suspended its front runner bush fund after it was struck with redemption demands adhering to the elimination of owner Crispin Odey, Bloomberg Information reported on Monday.
The business obtained withdrawal demands that totaled up to over 19% of the Odey European Inc bush fund for its following dealing day on July 3, the record stated, mentioning a letter from the business to customers.
” Provided the degree of asked for redemptions, financier focus as well as liquidity account of the fund, the fund board has actually figured out that it would certainly not remain in the most effective passions of the fund as well as its investors overall to remain to allow concerns as well as redemptions of shares,” Bloomberg stated, estimating the letter.
Odey Possession Monitoring did not quickly react to a Reuters ask for remark.
The hedge fund has actually faced financier trip considering that the Financial Times as well as Turtle Media on June 8 collectively reported claims by 13 females that Crispin Odey had actually sexually attacked or pestered them over a 25-year duration. Odey has actually rejected the claims.
The Financial Times reported recently that British regulatory authority Financial Conduct Authority (FCA) limited the motion of cash money as well as properties from Odey Possession Monitoring to bring back order at the company.
