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Odey AM chairman steps down after two decades David Fletcher to stay on as a senior adviser to Crispin Odey’s $2.9bn hedge fund firm David Fletcher is stepping down as chairman of Odey Asset Management, Portfolio Adviser has learned. Fletcher, who has been chairman of Crispin Odey’s eponymous boutique since 1998, will stay on as a senior adviser to the business and will continue to serve on various committees, including the executive committee, according to a spokesperson. He first joined Odey AM in 1995 as its chief executive. Odey AM has not named a replacement chairman yet, but Portfolio Adviser understands the firm is looking to appoint an additional senior adviser. ....
17:16 EDT, 6 January 2021 The flagship hedge fund run by millionaire Tory donor Crispin Odey slumped again in 2020 as the investor tried to revive his flagging fortunes while fighting an indecent assault charge. The Odey European fund fell 30.5 per cent last year, according to an investor letter seen by Bloomberg, the fifth annual decline in the past six years. It comes after Odey, a prominent Brexit backer, stepped down from the helm of his firm Odey Asset Management in November as he prepares to defend himself in a historic sex assault trial. Hedge fund manager Crispin Odey leaves Magistrates Court in London, with wife Nichola Pease, accused of assaulting a young investment banker in the late 1990s ....