Hedge fund manager deliberately tried to frustrate investigation into sexual misconduct allegations, says regulator
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The hedge fund manager Crispin Odey will be banned from the City and hit with a £1.8m fine by the UK’s financial watchdog for deliberately attempting to “frustrate” a disciplinary process into sexual harassment allegations.
The Financial Conduct Authority (FCA) said on Monday that Odey had shown “reckless disregard” for the governance of his hedge fund and his conduct proved he was “not a fit and proper person to perform any function related to regulated activities”.
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