Odey accused of manipulating sexual assault victim

What happened: Former hedge fund manager Crispin Odey dropped a £79m libel claim against the Financial Times, following allegations of sexual misconduct by 20 women. The Financial Conduct Authority (FCA) accused Odey of attempting to manipulate a sexual assault victim into silence, as he warned her about potential FCA questioning in 2022.

Market impact: The narrative has raised concerns about reputational risks in the finance industry, potentially impacting Odey's former firm, Odey Asset Management, and other financial institutions. It also highlights the growing #MeToo movement's influence on corporate governance and risk management.

What to watch next: The outcome of the FCA's investigation into Odey's conduct; any impact on Odey Asset Management's performance and client base; and the evolution of the #MeToo movement's influence on regulatory policies in the finance sector.