Odey Asset Management, which has sacked Odey from its partnership, told clients Monday that it has found a new home for fund manager Adrian Courtenay. He follows James Hanbury, Oliver Kelton and Freddie Neave out the door.
Odey, 64, has denied the allegations made in a Financial Times report on June 8 about his treatment of women. Still, numerous banks have cut ties with his firm and investors have raced for the exits, forcing the company to shut two funds and suspend several others.
Discussions to rehouse other funds and managers are ongoing, the firm said in the client letter on Monday seen by Bloomberg, pushing one of the UK’s oldest hedge fund managers to the brink of disintegration.
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