The City watchdog is investigating the hedge fund founded by Crispin Odey as he faces renewed allegations of sexual misconduct.

The Financial Conduct Authority (FCA) intervened hours after the Financial Times claimed that Crispin Odey had faced a string of complaints about his behaviour over decades.

Its investigation highlighted allegations of sexual harassment or assault by 13 women against the wealthy fund manager over a 25-year period.

Mr Odey, who is believed to be worth hundreds of millions of pounds, has strenuously denied the claims.

The Reuters news agency, citing sources, said that Wall Street banks JPMorgan and Morgan Stanley were reviewing their prime broking relationships with Odey Asset Management in the wake of the FT report.

Be the first to get Breaking News

Install the Sky News app for free

Neither bank has commented.

But Mr Odey said of the report: “That is a massively quick reaction to an allegation by the FT.

Telegraph owner tables last-ditch bid to keep control of newspapers

Cost of living – latest: Interest rate decision could cost you £61 a month; major Clubcard changes next week

Eurozone officially entered recession after Eurostat revises figures

“This is a rehash of an old article and none of the allegations have been stood up in a courtroom or an investigation.”

The Financial Conduct Authority was said, by the FT, to be looking at the firm’s governance and Sky News was expecting a statement from the regulator shortly confirming the scope of its work.

Mr Odey stepped down as co-CEO of Odey Asset Management during the COVID pandemic but remains a major shareholder.

He was later cleared of indecent assault charges by a UK court in 2021 and told by the judge in the case that he could leave the building with his “good character intact”.

It is understood that the 64-year-old, who is a donor to the Conservative Party, has been married three times and has three children.

Related posts:

‘We gotta pay for this’: Biden proposes corporate tax rises to pay for infrastructure projects Law firm Irwin Mitchell plots £500m London float Virgin Active wins approval for controversial restructuring it says will save jobs US consumers facing rising prices blamed mainly on supply shortages KitKat-maker Nestle warns of further price hikes ahead to protect margins from rising costs Disney caught in crossfire of ‘Don’t Say Gay’ row Chinese behemoth Tencent takes stake in UK fintech Previse ‘The wrong signal’: Windfall tax ‘damaging’ for net zero plans and energy security, businesses say Chancellor’s cost of living aid will help you and make things worse at the same time M&S names former Tesco executive Freudmann as new food chief Labour peer Lord Alli returns to stock market with Marwyn vehicle Lowest demand for cash since central banks hoarded notes over millennium bug fears