FILE PHOTO: Briton Crispin Odey leaves Westminster Magistrates Court in London on September 28, 2020. REUTERS / Hannah McKay
3rd November 2020
LONDON (Reuters) – Crispin Odey will step down from running his London-based hedge fund firm as part of a group overhaul and instead focus on managing funds for clients, the firm said Tuesday.
Odey, one of the UK’s best-known hedge fund managers and policy donors, recently pleaded not guilty to indecently assaulting a woman in 1998 and is on bail. A trial is planned for early next year.
As part of the reorganization, Odey Asset Management announced that it had formed a new legal entity, Brook Asset Management, and will be renaming a number of funds under the Brook name in the coming weeks.
Crispin Odey would run a new Brook fund of its own, focused on maintaining capital during times of high inflation, in addition to its other funds, the company said.
(Reporting by Simon Jessop, Editing by Lawrence White)
This article originally appeared on www.oann.com