Titan-Ody Asset Management Suspends Trading in Its Main Funds

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Titan-Ody asset management has been in crisis since the FT exposed a series of sexual misconduct allegations against founder Crispin Odie. The firm's banking partners have severed ties, making it hard to protect investors from market moves and losses. As clients rush for the exit, the firm has been forced to suspend trading in some of its main funds. Emma Dunkley says OD asset management has also been in discussions with other firms.

Sterling suffers biggest one-day fall against the dollar in a month following UK growth fears, US banks are stepping up the sales of their loan portfolios, and Odey Asset Management continues to spiral after an FT investigation into sexual misconduct allegations at the hedge fund.

Mentioned in this podcast:

US banks step up sales of loan portfolios to private lenders

Odey Asset Management in talks with SW Mitchell over Oliver Kelton’s funds

Wall Street shares waver as central bankers warn of more rate rises

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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