Crispin Odey, one of many UK’s highest-profile hedge fund managers, has been charged with indecent assault.
Mr Odey, 61, the founding father of Mayfair-based funding agency Odey Asset Administration, is dealing with a court docket case over an incident greater than 20 years in the past.
In an announcement on Friday, the Crown Prosecution Service mentioned Mr Odey had been “charged with indecent assault following a criticism by a girl over an incident in 1998”. He is because of seem at Westminster Magistrates’ Courtroom on September 28.
“It’s all within the court docket’s arms,” Mr Odey instructed the Monetary Instances. “It was a very long time in the past,” he added. He declined to remark additional.
Not like lots of his hedge fund friends, Mr Odey has steadily been within the headlines. He’s a donor to the Conservative celebration and contributed to Prime Minister Boris Johnson’s management marketing campaign, and was a vocal backer of Brexit.
Final yr he dismissed as “crap” strategies that he had backed Mr Johnson to be able to revenue from a attainable no-deal Brexit, and forecast that Mr Johnson can be a “nice prime minister” within the “new Jerusalem” after Brexit.
Mr Odey’s fund, which is thought in hedge fund business circles for being some of the aggressive within the sector, made massive positive aspects from bets in opposition to some UK shares and a wager on gold on the time of the 2016 Brexit referendum, however in the end completed the yr down nearly 50 per cent.
Mr Odey, who was educated at Harrow College and Christ Church Faculty, Oxford and arrange his agency Odey Asset Administration in 1991, is without doubt one of the UK’s richest hedge fund managers. Collectively along with his spouse Nichola Pease, his fortune is estimated at £825m, in accordance with the Sunday Instances Wealthy Record.
A widely known wine buff, he has a fame within the Metropolis for having fun with lengthy lunches. In 2010 an natural grocery retailer in Fulham named a pork sausage after him.
Further reporting by Kate Beioley and Harriet Agnew