Two of the world's largest funding banks are reportedly reviewing their broking relationships with the UK's Odey Asset Management amid allegations of long-term sexual misconduct by its founder.

The Financial Times alleged that Crispin Odey had confronted a string of complaints about his behaviour over a long time.

Its investigation highlighted allegations of sexual harassment or assault by 13 ladies towards the rich hedge fund supervisor over a 25-year interval.

Mr Odey, who's believed to be price a whole lot of tens of millions of kilos, has strenuously denied the claims.

The Reuters information company, citing sources, mentioned that JPMorgan and Morgan Stanley had been reviewing their prime broking relationships with Odey Asset Management within the wake of the FT report.

Neither financial institution has but commented.

But Mr Odey mentioned of the report: "That is a massively fast response to an allegation by the FT.

"This is a rehash of an old article and none of the allegations have been stood up in a courtroom or an investigation."

He stepped down as co-CEO of Odey throughout the COVID pandemic however stays a significant shareholder.

Mr Odey was later cleared of indecent assault fees by a UK courtroom in 2021 and instructed by the choose within the case that he may go away the constructing together with his "good character intact".

It is known that the 64-year-old, who's a donor to the Conservative Party, has been married thrice and has three kids.

Content Source: information.sky.com