EU funds operated by Odey Asset Management are considering "gating" measures to restrict investor withdrawals following sexual misconduct allegations against the company's founder, Crispin Odey, according to the Financial Times.
The firm, looking to stabilise amid potential high outflows, has also announced managerial changes to funds managed by Odey, the paper said.
Freddie Neave will now take over the OEI and OEI MAC, while James Hanbury will manage the LF Odey Opus Fund. Oliver Kelton will manage the Odey Pan European Fund.
The fate of the Odey Swan Fund, co-managed by Neave and Odey, is under consideration, including potential closure, the FT article claimed.
The company also disclosed plans for a complete rebranding in the future, the paper said.
The Financial Conduct Authority (FCA) is expanding its investigation into the firm following allegations from 13 women. Odey Asset Management continues to maintain dialogue with the FCA and key counterparties.