Odey Asset Management has removed its founder Crispin Odey from the firm’s partnership.
The move comes after fresh assault allegations against him, which he has denied.
“As from today, he will no longer have any economic or personal involvement in the partnership,” the London-based firm said Saturday in a statement.
Crispin Odey declined to comment.
The partnership will now be owned and controlled by the remaining partners and managed as an independent legal entity, the firm said.
The fallout for Odey, 64, follows a Financial Times investigation published Thursday into his treatment of women over a 25-year period.
Soon after the article was published, Morgan Stanley began the process of terminating its prime-brokerage relationship with the firm. JPMorgan Chase & Co. and Goldman Sachs Group Inc. initiated reviews of their relationships. Some investors have also pulled their money out.
(Updates in third paragraph with confirmation from firm.)
