keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,587
Likes: 2,622
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Post by keitha on Jun 13, 2023 22:09:45 GMT
Has stopped all withdrawals, have a feeling this could turn into another Woodford
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 781 
Likes: 889
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Post by p2pfan on Jun 14, 2023 9:41:06 GMT
That's big news.
It'll be an extremely worrying time for their investors.
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,806 
Likes: 3,237
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Post by jonno on Jun 14, 2023 11:50:59 GMT
Mmmm......I think Mr Odeyous has finally been rumbled.
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Post by mostlywrong on Jun 15, 2023 9:14:36 GMT
Has stopped all withdrawals, have a feeling this could turn into another Woodford My thoughts are that Mr Woodford dealt with the "common people" like me (and, yes, I got caught...) but Mr Odey dealt with those in the stratosphere.
From what I have read on the topic, you would not have got through the door at Odey plc unless you were packing a 7 figure sum.
As we found out in P2P, what you see (or what you think you can see) and what you get, can be two vastly different beasts!
MW
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agent69
Member of DD Central
Posts: 6,042
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Post by agent69 on Jun 15, 2023 11:55:10 GMT
Hedge fund giant Odey Asset Management (OAM) will be broken up, days after allegations of sexual harassment against its founder emerged. The business said it would be dismantled and its activities will be transferred to other firms.
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Post by overthehill on Jun 15, 2023 18:55:57 GMT
Not sure what investments were hit by the scandal and closed for withdrawals, presumably investment trusts if the share price was under pressure and dived.
Hargreaves have 13 ODEY associated funds whose prices seem stable, don't see any inv. trusts or ETFs listed. The scandal shouldn't affect funds unless there is a problem with the underlying stocks/assets.
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