Crispin Odey is in the doldrums, and it is not due to underperformance of his flagship fund, Odey Asset Management.
Quite the contrary, in 2021, performance in the main fund rose by 54% and in 2022 by 151% by short wagers on UK gilts.


“Crispin Odey is in the doldrums, and it is not due to underperformance of his flagship fund, Odey Asset Management”
WEALTH TRAINING COMPANY
Crispin Odey is in the doldrums because of a string of sexual assault allegations
Odey, 64, has denied the allegations made in a Financial Times report on June 8 about his treatment of women. Nevertheless, numerous banks have cut ties with his firm, and investors have been heading for the exits, forcing the company to shut down two funds and suspend several others.
Odey’s Hedge Fund Empire appears to be Disintegrating bit by bit as fund managers at his firms are moving to new companies.
Less than a month on from the latest sexual assault allegations against Crispin Odey, there is not much left of the hedge fund empire, which took him almost three decades to build.
Crispin Odey is in the doldrums as Odey Asset Management sacked Odey from its partnership. Management told clients in July that it has found a new home for fund manager Adrian Courtenay. He follows James Hanbury, Oliver Kelton and Freddie Neave out the door.

“there is not much left of the hedge fund empire, which took him almost three decades to build”
WEALTH TRAINING COMPANY
Crispin Odey, 64, has denied the allegations made in a Financial Times report on June 8 about his treatment of women. Nevertheless, numerous banks have cut ties with his firm, and investors have raced for the exits, forcing the company to shut two funds and suspend several others.
Discussions to rehouse other funds and managers are ongoing, the firm said in the client letter on Monday seen by Bloomberg, pushing one of the UK’s oldest hedge fund managers to the brink of disintegration.
A spokesman for Odey Asset Management declined to comment.
“Odey’s business always seemed like a contradiction: a 1990s hedge fund gunslinger as the figurehead of a quasi-institutional 21st-century asset manager” – Andrew Beer, Dynamic Beta Investments
All fund managers at Odey and its subsidiary Brook Asset Management are in talks to leave
In the case of the OEI Mac fund managed by Neave, the firm has told investors it plans to rehouse most of the assets in a new vehicle, though the process may not include Odey’s personal investments.
Crispin Odey’s career has had its ebbs and flows due to his notoriously contrarian bets
His monthly commentary was widely tracked for his market predictions, the most noteworthy of which — such as UK stocks could fall 80% after the Brexit vote — rarely came true.
“Odey’s business always seemed like a contradiction: a 1990s hedge fund gunslinger as the figurehead of a quasi-institutional 21st-century asset manager,” said Andrew Beer, founder of Dynamic Beta Investments. “Unfortunately, the latter never escaped the former.”
For Chrispin Odey, the sudden departure follows a stormy few years for the hedge fund manager. The flagship fund lost money in five of the six years through 2020 before surging 54% a year later and a record 152% last year to recover all losses.
But it was his alleged treatment of women over 25 year period which included 13 claims of sexual harassment which proved unsurvivable for the hedge fund manager.
Despite being acquitted of sexual assault in 2021, the string of allegations of sexual harassment was enough to ruin his career.