Crispin Odey, one of Britain's best-known hedge fund managers, is leaving Odey Asset Management following allegations of sexual misconduct, the firm's executive committee said in a statement on Saturday.
The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 women that Odey had sexually assaulted or harassed them over a 25-year period. He denies the allegations.
"As from today, he will no longer have any economic or personal involvement in the partnership," Odey's executive committee said in the statement. Since the publication on Thursday three of OAM's banks -- Goldman Sachs, JPMorgan and Morgan Stanley -- and some of its clients have moved to review or cut ties with the business. As the fund's so-called prime brokers, the Wall Street firms help facilitate its trades.
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