Brokers Goldman Sachs and Exane as well as asset manager Schroder have cut ties with hedge fund Odey Asset Management after sexual assault allegations were lobbied at founder Cristian Odey. Thirteen women have come out and claimed Odey sexually harassed or assaulted them. A Financial Times investigation into the allegations found that partners at Odey Asset Management were aware of the mistreatment of women as far back as 2004. - When the executive committee eventually issued a final written warning to Odey in 2021, he fired them.
- Odey denies the claims, and a law firm representing Odey said allegations made against him were "strenuously disputed."
- Goldman Sachs began cutting ties with Odey on Friday, and Exane terminated its business with the fund on Thursday.
- Morgan Stanley has already ended its business relationship with the company, and JPMorgan is reviewing its relationship.
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