Hedge fund supervisor Crispin Odey denies indecent assault cost

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Crispin Odey, one of many UK’s best-known hedge fund managers, on Monday pleaded not responsible to a cost of indecent assault.

Mr Odey, 61, who’s the founding father of Mayfair-based Odey Asset Administration, appeared at a listening to at Westminster Magistrates’ Court docket to disclaim the cost, which pertains to an alleged incident at his residence tackle in Swan Stroll, Chelsea in July 1998.

Prosecutor Aaron McCalister advised the courtroom that Mr Odey placed on a dressing robe earlier than “launching himself” on the girl, an worker of an funding financial institution.

Mr Odey, who wore a darkish swimsuit and sat within the dock behind a glass display screen, is now on conditional bail till the trial at Hendon Magistrates’ Court docket in February.

“I’m happy that the magistrates have agreed to listen to this historic matter rapidly,” Mr Odey mentioned in an announcement.

“I look ahead to having the info heard and keep the allegation is unfaithful.”

Mr Odey, together with spouse Nichola Pease, who additionally attended the listening to, has an estimated fortune of £825m, in keeping with the Sunday Instances Wealthy Checklist. He’s a donor to the Conservative occasion and contributed to Prime Minister Boris Johnson’s management marketing campaign, and is a vocal supporter of Brexit.

Oxford-educated Mr Odey made massive beneficial properties from bets in opposition to some UK shares and a wager on gold on the time of the 2016 Brexit referendum, however finally completed the 12 months down virtually 50 per cent.

Mr Odey arrange his eponymous agency in 1991. His flagship European fund, which trades shares and bonds, misplaced cash earlier this 12 months betting in opposition to electrical automotive maker Tesla and is now down round 20 per cent in 2020, in keeping with buyers.

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