Odey Asset Management is set to wind down another one of its subsidiaries in the wake of sexual harassment allegations against founder Crispin Odey.
A Companies House filing shows that subsidiary Brook Asset Management is set to be dissolved.
A notice for compulsory strike off has been filed for the firm, with a document being processed which will be available in the next 10 days.
A first Gazette notice declares creditors intention to strike a company off the register at Companies House.
Once it has been struck off it ceases to exist as a legal entity and must permanently stop trading.
In June, Brook Asset Management suspended dealing in funds after allegations against Crispin Odey prompted investors to pull their money from the vehicles.
Earlier this month, the FCA confirmed Odey Asset Management was planning on winding down its wealth management business.
This saw the Odey Opportunity fund and its manager Geoffrey Marson move over to Canaccord Genuity.
It came after the FCA placed restrictions on Odey Asset Management after investors were trapped in some of the company’s funds due to high redemption requests.
The voluntary restrictions meant the firm was unable to dispose of, withdraw, transfer, deal with or diminish the value of any of its own assets without the prior written consent of the FCA.
OAM was forced to gate a number of its own funds, as well as those of subsidiary Brook Asset Management, after a wave of redemption requests in light of allegations of sexual assault and harassment voiced by 13 women to the FT against the firm’s founder, who denies the allegations.
Odey AM was contacted for comment.
tara.o'connor@ft.com
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