FCA to take no action after Odey probe - reports

The Financial Conduct Authority (FCA) has wrapped up its investigation into Odey Asset Management (OAM), reportedly deciding not to pursue any further action, it emerged on Tuesday.

The news was reported by Reuters, citing an investor letter from the hedge fund.

It said the FCA had been probing OAM founder Crispin Odey along with the hedge fund over allegations of sexual misconduct made earlier in the year.

Reuters added that the investor letter disclosed that OAM's last client relationship officially ended on 12 December.

Reporting by Josh White for Sharecast.com.