Odey Asset Management has denied claims the firm is weighing gating its range of UCITS funds in the wake of sexual misconduct allegations that have already seen the eponymous manager ousted from the firm.
A spokesperson at the firm said: "All funds are open today as per usual business, and we are not considering gating any funds. The only fund we are considering closing is Odey Swan." The rebuttal comes following FT reports that two people with knowledge of discussions suggested gatings were being considered due to potential high outflows as a result of the sexual misconduct allegations. This comes after the executive committee removed Crispin Odey as a member of the partnership on 10 June and redistributed management of his funds across the remaining team, according to an executive ...
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