LONDON Odey Asset Management is "in advanced discussions" to rehouse funds and transfer staff to other asset managers, it told investors in a letter on Thursday, after imposing exit curbs on key funds in the wake of fresh misconduct allegations against its founder.
News of the talks comes in a week of upheaval for the firm after the Financial Times and Tortoise Media reported a raft of fresh allegations aganst Cripsin Odey, which triggered several major global banks who provided prime brokerage services to review their relationships with the firm.
Odey has denied the allegations. A spokesperson for the firm declined further comment.
(Reporting by Nell Mackenzie, editing by Sinead Cruise)
