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Odey wanted friend as independent fund chair to dodge misconduct probe, FCA says

By Sofia Gerace ( March 26, 2026, 15:17 GMT | Insight) -- Hedge fund manager Crispin Odey tried to appoint a longtime friend as “independent” chairman of the fund to dodge an internal probe into allegations of sexual misconduct, the UK’s financial regulator has told a London court. The 67-year-old founder of Odey Asset Management, or OAM, is fighting a £1.8 million fine and industry ban imposed on him by the Financial Conduct Authority last year.Hedge fund manager Crispin Odey tried to appoint a longtime friend as an “independent” chairman of the fund to dodge an internal probe into allegations of sexual misconduct, the UK’s financial regulator told a London court on Thursday....

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