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Crispin Odey took home £29m before stepping down following sex abuse claims By Mark Shapland Updated: 22:01 GMT, 11 January 2024 e-mail View comments Crispin Odey is understood to have pocketed almost £29million at his hedge fund last year before stepping down following sexual assault claims against him. In the final set of accounts filed on Companies House, profits at Odey Asset Management more than tripled to £63.9million for the 12 months to April 5, up from £18.8million the year before. Profits were distributed between 11 members but not split evenly – with one member, believed to be Odey, taking home £28.6million. Odey stepped down in June after the Financial Times said it had spoken to 13 women who alleged that they were abused or harassed by the fund manager. The women either worked for the asset manager or dealt with him in a professional capacity. Profits: Crispin Odey stepped down at Odey Asset Management in June after the Financial Times said it had spoken to 13 women who alleged they were abused or harassed by him Following the allegations it was decided in October that the fund would be wound down. The alleged incidents are reported to have occurred between 1998 and 2021. Odey has denied all the allegations against him. The Financial Conduct Authority is currently investigating Odey to see if he is ‘fit and proper’ to work in financial services. He has for years faced allegations of sexual misconduct, and in 2021 was found not guilty in a court case which accused him of indecent assault in 1998. RELATED ARTICLES Previous 1 Next M&S feasts on a better future as its remarkable turnaround... Bitcoin ruling ignites fresh crypto row: Fans say it could... Christmas bonanza for Tesco and M&S as shoppers splash out... Housebuilder Taylor Wimpey blames planning rules for decline... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account The accounts also show that Odey Asset Management funds under management grew to £3.5billion by April 5 last year, up from £3billion by the same point the previous year. The firm was launched in 1991 and became one of the more successful hedge fund managers in London. At its peak, Odey Asset Management had £11billion assets under management. DIY INVESTING PLATFORMS Easy investing Stocks & shares Isa £1.50 fund dealing 0.25% fee on fund holdings Investment ideas Free fund dealing Free fund dealing 0.45% account fee capped for shares Flat-fee investing No fees From £4.99 a month Trade shares and funds for £3.99 Social investing Social investing Share investing 30+ million global community Model portfolios Investment account Free fund dealing Free financial coaching Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. > Compare the best investing platform for you Share or comment on this article: Crispin Odey took home £29m before stepping down following sex abuse claims e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. Comments 0 Share what you think No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards. Add your comment Enter your comment By posting your comment you agree to our house rules . Submit Comment Clear Close Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual. No Yes Close Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual We will automatically post your comment and a link to the news story to your Facebook timeline at the same time it is posted on MailOnline. To do this we will link your MailOnline account with your Facebook account. We’ll ask you to confirm this for your first post to Facebook. You can choose on each post whether you would like it to be posted to Facebook. Your details from Facebook will be used to provide you with tailored content, marketing and ads in line with our Privacy Policy . More top stories
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