Odey Asset Management has suspended trading in a fourth fund following a “sizeable level” of withdrawal requests in the wake of sexual misconduct allegations against founder Crispin Odey, which have precipitated the break-up of one of London’s oldest hedge fund firms.
The firm said in a letter to investors on Friday that it was temporarily suspending trading in its $80mn Special Situations fund to sell assets in an “orderly fashion” to meet the redemptions.
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