MPs to scrutinise Financial Conduct Authority over two-year Crispin Odey probe - reports

Ongoing investigation

The UK’s financial watchdog is set to face a grilling from MPs over its handling of misconduct allegations against the hedge fund manager Crispin Odey.

The FCA has reportedly been conducting a two-year inquiry into Odey and his firm, Odey Asset Management, people familiar with the situation told the Financial Times last week (8 June). This followed the newspaper's own investigation into how founder Odey had evaded sexual assault allegations for several decades. According to its report, 13 women who have worked for Odey Asset Management or had social or professional dealings with Crispin Odey, told the publication that Odey abused or harassed them; eight alleged he sexually assaulted them. Odey AM denies plans to gate funds in wake...