Crispin Odey: the fall of a hedge fund maverick | FT Film
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- čas přidán 30. 06. 2024
- The Crispin Odey story is about greed, a culture of secrecy and alleged abuse. Odey was one of Britain's richest men and most successful hedge fund managers while allegedly getting away with assaulting and harassing women for decades. Odey Asset Management has started to unravel ever since an FT investigation into his behaviour. Read more at on.ft.com/3NYHq9E
#crispinodey #odeyassetmanagement #hedgefunds #finance #investing #allegedsexualassault #investment #mayfair #london #uk #scandal #greed #secrecy #maverick #hedgefundmanager #assetmanagement #money #wealth #aristocracy #cash #brexit #financialcrisis #liztruss #kwasikwarteng #minibudget #ukeconomy #britain
Filmed by Richard Topping, Petros Gioumpasis and Evan Zell. Graphics by Russell Birkett. Produced, directed and edited by Daniel Garrahan.
00:00 - The fall of Crispin Odey
03:25 - The investigation
08:58 - The alleged assaults
15:28 - The aftermath
18:14 - The future
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As I have, the public needs to see this and work it out for themselves. 1. Boris Johnson's friend. 2. Kawsi Krawteng visits his home for lunch before the mini-budget is announced, which causes the pound to crash. 3. What's the odd of Odey shorting the pound before the mini-budget? 4. What are the odds that at some time soon, Kawsi Krawteng will be looked after by Odey? Are we meant to believe politicians are acting in the public's best interest?
To me that sounded like an inside trading.
Right
@@dawoodwaris Legally you cant indsider trade FX. Only Equities!
@@patznz i dont think thats true mate, fx is surveilled & stors raised to the fca albeit fewer
What do you expect ?
It’s galling that it took the FT to do what the FCA should have done.
BZ to all involved.
Not defending this guy nor the FCA, who is a grotesque human garbage and FCA a second rate watchdog who hires people that don’t have the basic understanding of the financial markets, but what exactly did you expect the FCA to do? It doesn’t really have jurisdiction on investigating sexual assault allegations.
Another fantastic FT Film. Very hard to listen to the assaults but very well reported.
Too painful for me to listen to the assaults. Great reporting, great journalism! Thanks to everybody 🎉❤
How do you even know it is truth????
It is not an evidence...
Crispin Odin was one of BREXIT contributors....
I believe it is just someone's revenge on him for that BREXIT crap.....
I started calling him Crispin Odious years ago, when he supported Brexit and made at least £200m on shorting the pound.
Brexit needs to be supported
Put him in jail. He's nothing but a leech on society.
This should set example for companies. That no matter how profitable they are, unethical behaviour shall not be tolerated.
ETHICS > EBITDA
This is so shocking! How is this man not in jail???
How? Because it's the U.K., that's how.
We hear countless such stories, but why do individuals in power who can see all this happening in front of them turn a blind eye and want to distance themselves once the stories come out. I say the entire leadership and any and every senior member who knew such behaviour was common should be punished for allowing this to happen.
Corruption cowardice and moral vacuity
Their self interest supercedes morals when He's one of their biggest cash cows.
I totally agree with you, Odey wasn't operating in a vacuum. EVERYONE knew what a lunch date with him would entail. It was a joke to them. When MEN stand up and stop being the little boys in the schoolyard and actual ADULT's taking responsibilities for the behavior of their sex, maybe women can live without fear in every aspect of their lives. Worldwide this needs to change, it is this way for women everywhere.
Every time one of these cases sees the light of day I wonder if this will be the one that starts the avalanche where more abused people come forward (this case can't be unique), where more malpractice is revealed, but it never seems to happen. The financial world ostracises the main actor(s), Odey in this case, and they become the sacrificial lamb, offered to appease outsiders and the press. Then the institutions concerned close ranks and carry on as normal until the next victims muster up the courage to come forward.
The FT and associates have done sterling work here, but the investigation can't stop; it should be broadened and intensified.
The company, institutions abetted and safeguarded Odey for years .. for none listen or acted to what all knew ..
This piece reminds me again why journalism is considered to be a pillar of democracy and collective conscience .. Thank You.
Money is always right. If you're making enough money then you are correct whatever you do. And anyone who doesn't make lots of money, or worst still threatens to reduce profits is in the wrong. That's just how the world works in a Thatcherite economy
Having been a whistle blower it is no surprise this went on for so long. Power is (almost) always right.
That it is this, rather than the enormous damage he has done to the British economy is very telling. Not that abuse ought to be tolerated.
That both abuses went hand in hand may be what's really telling. Free market ideology is like rationalised psychopathy.
Very shocking. Shame on the men who worked in the same office, have some balls and stand up for justice.
Really great journalism. Congratulations to the FT for pursuing this story.
This really raises even more questions than it answers, specifically about how the system that covers something like this up really works. I want to know so much more about that network of complicity.
Thank you for letting me see and know more about this content.
Excellent report. FCA again asleep at the wheel. Who was in charge of the FCA from 2016-2020? None other than Andrew Bailey, the current Governor of The Bank of England.
It is interesting how once your in that group of vile elite's, no matter what a basic failure you are, your cronies always provide another job, with more prestige and more money. They sure protect their own failings.
FT should also remember that as well as the bets that came off there were significant misses from Odey Asset Management. In 2016 Odey Asset Management correctly bet on the UK leaving the EU, incorrectly bet that this would then cause a global recession and Odey Asset Management lost nearly 50% that year.
betting with other peoples money .....creepy
And Odey backed Brexit hard - believing it would crash the global economy and he'd profit off it. Charming fellow. His attitude to women was the same as his attitude to the rest of us.
The problem these victims face is the scrutiny of his legal team who will undoubtedly go for their integrity.
I know so many Odey's. I fear for my daughters. Lock these clowns up and throw away the key.
What an r-sole.
OMG! So disheartening!!! It is so difficult to listen to all the assaults! These ladies suffered and they are COURAGEOUS to take the stand! That GUY is the embodiment of EVIL in the FLESH! What a PRICK!
You have to conclude that the judge in his criminal trial was a chum. England's judiciary are a disgrace.
England's judiciary is possibly the disgrace you spoke about, but at least you don't have a Supreme Court rewriting 150 years worth of laws.
Excellent journalism.
When you get to a certain level in UK society you can do almost anything you like. Anyone remember Savile? As much as things change the more they stay the same it seems!
Great reporting!
What's the relationship between this guy doing well out of financial crises and him backing Brexit and Johnson? As simple as it sounds?
Poor women, he needs to be prosecuted.
sure
with all that money
this man could have just paid for it
that's not so exciting for creeps like him
They get pleasure from subjugating, denegrating like spiders on a fly. Gives them a sense of uplift power over others. I like the women who came forward, not any predators. Male or female.
Lars Kroijer in the book 'Money Mavericks: Confessions of a Hedge Fund Manager' take the readers through it.
THEIR LIKE THAT WITH THE BOYS TOO, DON'T THINK YOUR THE ONLY ONES 🤢
Any books out on the issue yet.
Insane
Archaic.
These behaviours became unacceptable 50 years ago.
Nuts how a hedge fund founded in 91 is one of Britains oldest
You need to know the numbers of start ups and failures globally. Some crazy numbers.
Why is he not in prison? never mind the FCA. Diabolical
MI6 Masterpiece
The 'lower' courts in the UK are in bad need of reform. How can a judge, a single person decide with subjective view?
indeed
Hit him and all the senior management with massive fines - take away their money and leave them poor. That will hurt them more than prison time
This individual obviously thought he was above the law with all his wealth
1:02: 💼 A prominent hedge fund manager faced allegations of abuse and misconduct, but was acquitted in court.
4:06: 💥 Multiple allegations of sexual harassment against a prominent hedge fund manager were initially overlooked by regulatory authorities and had little impact on his reputation, but gained traction after a podcast was published and more women came forward with similar allegations.
7:54: 😔 Multiple women have come forward with allegations of sexual assault against an individual, describing instances of forceful touching, groping, and inappropriate behavior.
11:48: 🔒 A woman at a company experiences multiple instances of assault and harassment by a senior male employee, while others at the company were aware of the behavior and did nothing to stop it.
16:02: 🔍 The downfall of a prominent asset management company due to alleged misconduct and loss of key relationships.
20:11: 💔 The fear of not being believed or listened to when reporting sexual assault is a serious problem that needs to be addressed.
Recap by Tammy AI
All of these women are heroes.
Those whom the Gods will destroy they first make mad.
giving hardworking men a bad name
Trial by Media. What he has alleged to of done is absolutely outrageous. The employees should have taken them to an Employment Turbinal obviously if five woman are bring claims for the same reason that would put way too much light on his behaviour. Allegations need to be confirmed and evidenced within the Legal setting and not by Media.
Jesus. No, did you follow the story and how difficult it was for the women to get a hearing within the company? Stop blaming the victims - especially for things they're not even guilty of. The FT piece was a last resort to expose a cover-up and a solidly evidence-backed piece of investigative journalism, doing precisely the job we expect of a free press at its best. If the company thought he had no case to answer, they should have addressed the allegations when they had the chance.
WELL HE'S CRISP IN & ODEYOUS👩🏫.
Crispin Odey: the fall of a hedge fund maverick | FT Film 0609am 9.11.23 shoddy journalism....
hit job
Odey go Fys
This was going well until 18:00 in when the journalists decided to take a victory lap for publishing these stories. That left a foul taste in the mouth.
What is surprising is that there was little if any physical reaction to the physical aggression from the female victims like using their nails and heels as weapons. Men are physically vulnerable: face, eyes, throat, genitals, feet.
13:15 am I the only one who detects a bit of an ex girlfriend tone in her voice, why does she bring up trivial things he said as if he was a bad boyfriend. There could have been a romantic relationship that now she's trying to get revenge for not getting what she wanted. For all human history wealth and power has been sexy, why did that stop now? Or did it not stop but a great opportunity for revenge and self righteousness was given to women who don't get what they want.
Can't believe he's walking free ..
The Harvey Weinstein of the Financial world .?
Thank you, why didn't anyone else see that connection. Everyone knows and no one says or does anything to change it.
Interested in how Odey made his money, not this.
WHAT HAPPENED TO THE INVESTORS?
POQER CORRUPT.
THE MEDIA HAVE APSOLUTE POWER.
from a poor man and not an investor in hefge funds.