FCA closes investigation into Odey Asset Management

Crispin Odey still under investigation

The Financial Conduct Authority has closed its investigation into Odey Asset Management, which is winding down.

In a letter to Treasury Select Committee chair Harriet Baldwin, published today (12 December), FCA CEO Nikhil Rathi confirmed the closure of the investigation into the asset management firm. However, Rathi explained the investigation into Crispin Odey remains ongoing "given the conduct under investigation relates to him". He added: "As the committee is aware, statutory restrictions are in place on the information the FCA can divulge about the firms and people it regulates. Additionally, we are generally restricted in what we can say to avoid prejudicing a live investigation. "There...