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Odey scandal prompts Wall Street rethink on how to vet hedge funds

LONDON (Reuters) -Wall Street firms are poised to reassess how they vet hedge funds, industry sources and experts say, following a race to cut ties with Odey Asset Management after founder Crispin Odey was accused of sexual misconduct in the press. The Financial Times and Tortoise Media, in a joint publication on June 8, reported allegations by 13 women that Odey - one of Britain's best-known hedge fund managers - had sexually assaulted or harassed them over a 25-year period. Within hours of that report being published, Wall Street firms including Goldman Sachs, JPMorgan and Morgan Stanley began reviewing prime broking ties with Odey Asset Management (OAM), which they then went on to cut. ....

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