JPMorgan reviewing ties with Crispin Odey after FT report of sex assault allegations; Morgan Stanley reportedly scrapping its Odey relationship

JPMorgan Chase & Co.
JPM,
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on Thursday confirmed to MarketWatch that it was reviewing its ties with prominent London hedge fund Odey Asset Management after sexual misconduct allegations against its founder Crispin Odey aired in a Financial Times article. Morgan Stanley
MS,
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was ending its prime brokerage alliance with Odey Asset Management, Reuters and FT reported Thursday. The Financial Times reported Thursday morning that 13 women accused Odey of allegedly committing sexual harassment and sexual abuse in the workplace for decades. A law firm that represents Odey told the Financial Times that the allegations against him were “strenuously disputed.” Odey told Reuters: “This is a rehash of an old article and none of the allegations have been stood up in a courtroom or an investigation.” Morgan Stanley did not immediately reply to an email query from MarketWatch seeking comment. Known for supporting Brexit, Odey has been a prominent figure in London’s hedge fund business.