Odey Asset Management 'does not recognise the picture of the firm that has been painted' by allegations of sexual misconduct by Crispin Odey published by media on Thursday, it told investors in a letter seen by Reuters.
"We are confident our service providers will continue to work with us," the OAM letter said.
The firm has "robust policies and procedures in place to ensure that the firm at all times complies with all of its legal and regulatory obligations. Staff wellbeing is also central to the culture of OAM’s business," it said. The company said the well being of staff members was a priority as well as the interest of clients and investors.
While several calls and emails were addressed to the firm on Thursday, the letter to investors is the company's first response. Bloomberg first reported news of the letter. Odey told Reuters on Thursday the FT report was a "rehash of an old article" and that none of the allegations have been stood up in a court or in an investigation.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs joins JPMorgan, Morgan Stanley in Odey Asset Management review ties -sourcesGoldman Sachs , JPMorgan and Morgan Stanley are reviewing their prime broking relationships with Odey Asset Management after allegations of sexual misconduct were reported by the Financial Times and Tortoise Media on Thursday, sources familiar with the matter said.
Read more »
JPMorgan reviewing ties with Crispin Odey after FT report of sex assault allegations; Morgan Stanley reportedly scrapping its Odey relationshipJPMorgan Chase & Co. on Thursday confirmed to MarketWatch that it was reviewing its ties with prominent London hedge fund Odey Asset Management after sexual...
Read more »
Japan unlikely to ditch negative rates for another year-Nomura Asset ManagementJapan's negative interest rate policy is likely to be in place for the next year, as the central bank is committed to keeping borrowing costs low to grease the wheels of the economy, Nomura Asset Management told Reuters.
Read more »
Japan unlikely to ditch negative rates for another year, Nomura Asset Management saysJapan's negative interest rate policy is likely to be in place for the next year, as the central bank is committed to keeping borrowing costs low to grease the wheels of the economy, Nomura Asset Management told Reuters.
Read more »
Morgan Stanley Severing Ties With Crispin Odey After Renewed Sexual Assault Claims Against Hedge Fund Manager, Reports SayInvestment bank Morgan Stanley is planning to cut ties with British hedge fund manager Crispin Odey and his Odey Asset Management Firm after its founder was accused of sexual assault and harrassment by 13 women, according to multiple reports
Read more »
Bitcoin Trading at Premium on Binance US Amid SEC Lawsuit and Asset Freeze Motion – Bitcoin NewsAs of June 7, 2023, recent data reveals that the value of bitcoin (BTC) is experiencing a premium on the Binance US exchange.
Read more »