City watchdog has decided to fine Crispin Odey of Odey Asset Management LLP £1.8m and ban him from the UK financial services industry for ‘a lack of integrity’.

Judges uphold ruling that financier tried to ‘frustrate’ investigations into harassment claims against him

Ex-hedge fund manager ‘forced to accept’ newspaper likely to succeed in its public interest defence, say his lawyers

Hedge fund manager deliberately tried to frustrate investigation into sexual misconduct allegations, says regulator

Crispin Odey abandoned a £79mn libel claim on Apr 10, 2026 after the FT said 15 women would testify, heightening governance and investor-risk concerns.

Crispin Odey withdraws a £79m libel suit after FT reported allegations from 20 women across five decades; announcement made Apr 10, 2026.

Crispin Odey filed an appeal after a multi-week tribunal reported Mar 27, 2026 (Bloomberg); outcome could reshape FCA enforcement norms and boutique governance.

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Former hedge fund manager Crispin Odey, 67, is contesting his ban from the UK financial sector in a tribunal after being accused of inappropriate conduct on at least 46 occasions between 2003 and 2020. Odey, once one of Britain’s wealthiest fund managers, was prohibited from working in finance and fined £1.8 million in 2025 for lacking integrity following numerous misconduct allegations. During his testimony at the Upper Tribunal in London, Odey denied the claims and attempted to justify one alleged incident of groping a colleague in 2005, stating it occurred because he was still under the effects of a general anesthetic after a dental procedure. Counsel for the Financial Conduct Authority (FCA), Clare Sibson KC, detailed multiple allegations, including Odey’s comments and behavior toward receptionists at his firm, Odey Asset Management. Odey admitted his actions were inappropriate for his age, acknowledging that what once seemed harmless banter as a younger man had become improper and uncomfortable behavior. He also faced accusations of sending suggestive messages and making comments about women’s clothing, which he later called misguided attempts to help their professional image. Odey claimed he became a “poster boy” for the FCA’s agenda, insisting his behavior was never intended to offend. The tribunal, overseen by Mr. Justice Thompsell and two other judges, is expected to deliver a ruling later in March 2026.