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Crispin Odey took a dividend of up to £1.1million from his firm last year – despite tumbling profits and dismal performance.
The Brexit-backing hedge fund manager, who is set to defend himself in a historic sex assault trial next month, had a disappointing year as performance fees raked in by Odey Asset Management slumped to just £0.9million in the year ending April 5, 2020.
This compared to £11.9million the year before. It meant profit before tax for the Odey Asset Management Group almost halved from £17.5million to £9.8million.
Slump: Fund boss Crispin Odey had a disappointing year as performance fees raked in by Odey Asset Management slumped to just £0.9m in the year ending April 5, 2020