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

Firm said it would shift funds to rivals following sexual assault claims against its founder
SW Mitchell Capital is the first named potential buyer for the firm’s assets since Odey Asset Management announced it was to be broken up two weeks ago

Odey Asset Management is in “advanced talks” about transferring four funds and their manager, Oliver Kelton, to investment boutique SW Mitchell Capital, as the hedge fund reels from sexual assault allegations against its founder Crispin Odey. 

In a letter to clients on Tuesday and seen by the Financial Times, Odey Asset Management said the funds it is aiming to shift include Brook Continental European, Brook European Focus, Brook European Focus Absolute Return, and Odey Pan European.

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