Odey Asset Management on 11 September filed the official cessation notice of founder Crispin Odey as a person with significant control of the firm, revealing the eponymous founder was dropped from this position just two days following the release of the FT investigation.

Companies House filings show the cessation became effective from 10 June 2023, nine days earlier than Odey was dropped as a director of the firm.

Odey AM subsidiary to shutter Brook Global Emerging Markets fund

Odey had more than 75% ownership of voting rights and the right to between 50% and 75% of surplus assets, according to Companies House.

The termination came a day before he was stripped of his fund and portfolio management responsibilities, which saw some of his flagship funds handed over to other managers from 11 June.

Odey Asset Management Group Limited was also removed as a director of Odey AM on 19 June 2023, alongside Crispin Odey.

However, Crispin Odey still has significant control of Odey Holdings - with between 50% and 75% of shares and voting rights - which is the company that has significant control of Odey AM Group Limited, according to Companies House.

Both firms are listed as holding companies on Companies House.

Odey AM Group Limited remains the sole person with significant control of Odey AM subsidiary Brook Asset Management, with rights to surplus assets of between 25% and 50%. Michael Ede, COO and CFO at Odey AM, ceased being a person with significant control of Brook AM on 21 June 2023.

Odey Asset Management has declined to comment.

Odey AM and Brook AM to transfer significantly smaller funds as assets shrink by up to 68%

Ever since numerous sexual misconduct allegations came out in early June against the eponymous founder, Odey AM and Brook AM have been forced to suspend their funds, which were only reopened once deals to transfer them to other investment management companies were agreed.

The businesses in question are: SW Mitchell Capital, Lancaster Investment Management, Green Ash Partners and Landseer Asset Management.

In August, Odey AM also vacated its offices in 18 Upper Brook Street in favour of a luxury shared office space.

Brook AM remains at the same address, according Companies House.