Hedge Funds

Odey AM shuts down more funds after soaring withdrawal requests

Investors are pulling money out of the crisis-hit hedge fund

Flagship European fund and OEI Mac are the latest vehicles to put up gates amid a management scandal
Flagship European fund and OEI Mac are the latest vehicles to put up gates amid a management scandal Photo: Chris Ratcliffe/Getty Images

Odey Asset Management has closed two more funds amid rising redemption requests.

The hedge fund informed investors in a letter that withdrawal requests had hit roughly 19% of its flagship European fund, a person familiar with the matter, which was first reported by Bloomberg, confirmed.

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