This was quick but to be expected. #MeToo allegations of sexual harassment are the death blow to any career and the justifiable end of a reputation. Uk hedge fund manager Crispin Odey had to find that out, too. He has been fired from Odey Asset Management, which he founded, following a Financial Times report about the sexual harassment of many women over the past 20 years. But now the firm appears to be on the verge of quitting business anyway. All this happened within a few days.
Crispin Odey, the hedge fund manager facing #MeToo allegations of sexual misconduct, threatened to take legal action against the UK Financial Conduct Authority (FCA) in an attempt to halt its investigation into the matter. However, his threats did not prevent the FCA from opening the probe in 2021. Fresh #MeToo allegations have led his hedge fund firm to remove him from the business, but he has indicated that he intends to fight this decision.
The #MeToo movement finally arrived in the financial services industry. Crispin Odey is a British hedge fund manager and the founding partner of Odey Asset Management. In the wake of a Financial Times investigation detailing decades of abuse inflicted by Odey on female staff, the partners at his his hedge fund said they had removed him from the business. The name of the company, which has about $4.4bn of assets under management, will also change.