LONDON, June 9 (Reuters) – British asset supervisor Schroders (SDR.L) stated on Friday it has bought its remaining investments in Odey Asset Administration following allegations of sexual misconduct by Crispin Odey printed in media.
Schroders had invested consumer cash into Odey Swan – a fund run by Crispin Odey – by way of two of its multimanager funds, although had already been promoting these down for some months, a spokesperson for Schroders confirmed in an emailed assertion.
“Schroders bought the final of its residual Odey Swan investments following the FT’s report of sexual misconduct allegations towards Crispin Odey, printed on Thursday of this week,” the assertion added.
The Monetary Occasions and Tortoise Media on Thursday reported Odey had sexually harassed or assaulted 13 ladies over a 25-year span.
Reporting by Naomi Rovnick, writing by Karin Strohecker
: .