Difference between revisions of "Crispin Odey"

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'''Robin Crispin Odey''' is founder of [[Odey Asset Management]].
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{{Template:Brexit badge}}
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'''Robin Crispin Odey''' is a prominent hedge fund figure in London and the founder of hedge fund [[Odey Asset Management]].
  
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Odey has donated £220,000 to the [[Conservative Party]].
+
He is a donor to the [[Conservative Party]], [[UKIP]] and played a major role in funding the campaign for the UK to leave the EU. He gave a total of £873,288.15
  
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His company [[Odey Asset Management]], owns 14.8% of [[Circle Holdings]], owner of [[Circle Health]]
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==Brexit==
 +
Odey backed [[Vote Leave]], donating £873,328 to the campaign for Britain to leave the EU.
 +
 
 +
He says that talk about hedge fund managers wanting to come out of Brussels because of the directives introduced after the financial crisis that might have affected their industry is “all crap”. Rather, he says, “Europe hasn’t exactly covered itself in glory”.<ref>[https://www.theguardian.com/business/2015/nov/06/why-are-hedge-funds-supporting-brexit Why are hedge funds supporting Brexit?], Guardian, 6 Nov 2015</ref>
 +
 
 +
===Betting on Brexit===
 +
The ''Evening Standard'' reported that Odey had placed a big-stakes bet on the outcome of the Brexit referendum, which paid off handsomely – Odey made profits of £220 million – as markets went into a tailspin.
 +
 
 +
Straight after the referendum vote, Odey was quoted as saying: “I feel fantastic. It’s a fantastic decision by the electorate.”<ref>[https://www.standard.co.uk/business/business-focus-the-billionaire-hedge-fund-winners-who-braved-the-brexit-rollercoaster-a3284101.html Business focus: The billionaire hedge fund winners who braved the Brexit rollercoaster], Evening Standard, 29 June 2016</ref> “There’s that Italian expression,” he told the BBC. “‘Al mattino ha l’oro in bocca’ – the morning has gold in its mouth – and never has one felt so much that idea as this morning really.”
 +
 
 +
However, in January 2017, it was reported that Odey had 'slumped to his biggest ever losses'. His fund lost nearly 50% of its value in 2016 'as his ultra-pessimistic bets on the UK economy turned sour', wrote the ''Independent''.<ref>[http://www.independent.co.uk/news/business/news/brexit-latest-news-leave-backer-crispin-odey-hedge-fund-billionaire-record-losses-uk-stock-market-a7512671.html Brexit-backing hedge fund billionaire Crispin Odey suffers record losses as UK stock market surges to all-time high], Independent, 6 Jan 2017</ref>
 +
 
 +
==Business interests==
 +
Odey is founder of hedge fund [[Odey Asset Management]].
 +
 
 +
In 2008, as markets crashed, Odey made millions short-selling bank stocks.
 +
 
 +
Odey's company [[Odey Asset Management]] previously owns 12% of [[Circle Holdings]], owner of private hospital company [[Circle Health]].<ref> Sean Farrell [http://www.theguardian.com/society/2015/jan/09/circle-patients-hinchingbrooke-sick-dream-impossible Circle says it’s driven by its patients – but it’s been looking rather sick itself] ''Guardian'', 9 January 2015, accessed 7 May 2015.</ref>
 +
 
 +
==Affiliations==
 +
*[[Kwasi Kwarteng]] worked as an analyst for Odey Asset Management.
 +
*Odey was briefly married to [[Rupert Murdoch]]’s daughter Prudence.
 +
 
 +
==Political Donations==
 +
Recorded by the Electoral Commission:<ref> Electoral Commission, [http://search.electoralcommission.org.uk/?currentPage=1&rows=30&query=Odey&sort=AcceptedDate&order=asc&tab=1&et=pp&et=ppm&et=tp&et=perpar&et=rd&prePoll=false&postPoll=true Search: 'Odey'], accessed 7 May 2015 </ref>
 +
 
 +
Note: The [[Conservative Party]] MP for North East Somerset is [[Jacob Rees-Mogg]]; Richmond Park is [[Zac Goldsmith]] and Hereford and South Herefordshire is [[Jesse Norman]].
 +
 
 +
<table cellspacing="0" cellpadding="3" border="1" float="left" align="left" width="100%">
 +
<tr>
 +
<th bgcolor="goldenrod" width="20%">Date</th>
 +
<th bgcolor="goldenrod" width="20%">Name of donor</th>
 +
<th bgcolor="goldenrod" width="20%">Amount</th>
 +
<th bgcolor="goldenrod" width="20%">Donated to</th>
 +
<th bgcolor="goldenrod" width="20%">Subsidiary (parties only)</th>
 +
</tr>
 +
 
 +
 
 +
<tr>
 +
<td align="center">04/05/2017</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£5,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">North East Somerset</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">02/05/2017</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£50,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">30/06/2016</td>
 +
<td align="center">Crispin Odey</td>
 +
<td align="center">£217,192.00</td>
 +
<td align="center">[[Global Britain]] Ltd</td>
 +
<td align="center"></td>
 +
</tr>
 +
 
 +
 
 +
<tr>
 +
<td align="center">21/06/2016</td>
 +
<td align="center">Crispin Odey</td>
 +
<td align="center">£122,800.00</td>
 +
<td align="center">[[Democracy Movement]]</td>
 +
<td align="center"></td>
 +
</tr>
 +
 
 +
 
 +
<tr>
 +
<td align="center">20/06/2016</td>
 +
<td align="center">Crispin Odey</td>
 +
<td align="center">£300,000.00</td>
 +
<td align="center">[[Democracy Movement]]</td>
 +
<td align="center"></td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">23/04/2015</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£6,000.00</td>
 +
<td align="center">[[UKIP]]</td>
 +
<td align="center">West Gloucs & Forest of Dean</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">11/03/2015</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£6,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">North East Somerset</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">06/03/2015</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£8,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Richmond Park</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">02/10/2014</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£10,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Hereford and South Herefordshire</td>
 +
</tr>
 +
<tr>
 +
<td align="center">17/06/2014</td>
 +
<td align="center">Robin Odey</td>
 +
<td align="center">£12,000.00</td>
 +
<td align="center">[[UK Independence Party]] (UKIP)</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">23/04/2014</td>
 +
<td align="center">Robin Odey</td>
 +
<td align="center">£10,000.00</td>
 +
<td align="center">[[UK Independence Party]] (UKIP)</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
<tr>
 +
<td align="center">08/10/2013</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£9,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">North East Somerset</td>
 +
</tr>
 +
<tr>
 +
<td align="center">06/04/2011</td>
 +
<td align="center">[[Odey Asset Management Group]] Limited</td>
 +
<td align="center">£20,000.00</td>
 +
<td align="center">[[No Campaign Limited]]</td>
 +
<td align="center"></td>
 +
</tr>
 +
<tr>
 +
<td align="center">03/03/2011</td>
 +
<td align="center">[[Odey Asset Management Group]] Limited</td>
 +
<td align="center">£20,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
<tr>
 +
<td align="center">26/01/2011</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£50,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
<tr>
 +
<td align="center">19/07/2010</td>
 +
<td align="center">Robin C Odey </td>
 +
<td align="center">£6,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Orpington</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">11/05/2010</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£2,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Mid Sussex</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">26/04/2010</td>
 +
<td align="center">R C W Odey</td>
 +
<td align="center">£4,000.00</td>
 +
<td align="center">[[UK Independence Party]] (UKIP)</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">14/04/2010</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£2,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">North East Somerset</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">09/02/2010</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£5,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Forest of Dean</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">30/06/2009</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£5,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Hereford</td>
 +
</tr>
 +
 
 +
 
 +
<tr>
 +
<td align="center">23/06/2009</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£10,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
<tr>
 +
<td align="center">12/06/2009</td>
 +
<td align="center">Robin Crispin William Odey</td>
 +
<td align="center">£15,000.00</td>
 +
<td align="center">[[Christian Party]] "Proclaiming Christ's Lordship" [De-registered 26/07/12]</td>
 +
<td align="center"></td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">28/05/2009</td>
 +
<td align="center">Crispin Odey</td>
 +
<td align="center">£3,000.00</td>
 +
<td align="center">[[Pro Democracy: Libertas.eu]] [De-registered 02/11/10]</td>
 +
<td align="center"></td>
 +
</tr>
 +
 
 +
 
 +
<tr>
 +
<td align="center">16/05/2009</td>
 +
<td align="center">Crispin Odey</td>
 +
<td align="center">£5,347.00</td>
 +
<td align="center">[[Pro Democracy: Libertas.eu]] [De-registered 02/11/10]</td>
 +
<td align="center"></td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">16/05/2009</td>
 +
<td align="center">Crispin Odey</td>
 +
<td align="center">£1,617.00</td>
 +
<td align="center">[[Pro Democracy: Libertas.eu]] [De-registered 02/11/10]</td>
 +
<td align="center"></td>
 +
</tr>
 +
 
 +
 
 +
<tr>
 +
<td align="center">15/04/2009</td>
 +
<td align="center">Robin Crispin William Odey</td>
 +
<td align="center">£10,000.00</td>
 +
<td align="center">[[Christian Party]] "Proclaiming Christ's Lordship" [De-registered 26/07/12]</td>
 +
<td align="center"></td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">25/03/2009</td>
 +
<td align="center">R C W Odey</td>
 +
<td align="center">£100,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">13/02/2009</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£9,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">07/07/2008</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£30,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Central Party</td>
 +
</tr>
 +
 
 +
<tr>
 +
<td align="center">03/12/2007</td>
 +
<td align="center">Robin C Odey</td>
 +
<td align="center">£3,000.00</td>
 +
<td align="center">[[Conservative Party]]</td>
 +
<td align="center">Gloucester</td>
 +
</tr>
 +
</table>
 +
<ref>[http://search.electoralcommission.org.uk/?currentPage=0&rows=10&sort=AcceptedDate&order=desc&tab=1&et=pp&et=ppm&et=tp&et=perpar&et=rd&prePoll=false&postPoll=true&optCols=CampaigningName&optCols=AccountingUnitsAsCentralParty&optCols=IsSponsorship&optCols=RegulatedDoneeType&optCols=CompanyRegistrationNumber&optCols=Postcode&optCols=NatureOfDonation&optCols=PurposeOfVisit&optCols=DonationAction&optCols=ReportedDate&optCols=IsReportedPrePoll&optCols=ReportingPeriodName&optCols=IsBequest&optCols=IsAggregation Search], Electoral Commission, accessed Nov 2017</ref>
  
 
==Notes==
 
==Notes==
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<references/>
 
<references/>
  
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[[Category:Conservative Party Donors|Odey, Robin Crispin]]
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[[Category:Conservative Party Donors|Odey, Robin Crispin]] [[Category:United Kingdom Independence Party Donors|Odey, Robin Crispin]][[Category:Brexit|Odey, Crispin]][[Category:NOtoAV]][[Category:Brexit]]

Latest revision as of 02:26, 8 January 2018

Brexit badge.png Part of the Powerbase Brexit Portal.

Robin Crispin Odey is a prominent hedge fund figure in London and the founder of hedge fund Odey Asset Management.

He is a donor to the Conservative Party, UKIP and played a major role in funding the campaign for the UK to leave the EU. He gave a total of £873,288.15

Brexit

Odey backed Vote Leave, donating £873,328 to the campaign for Britain to leave the EU.

He says that talk about hedge fund managers wanting to come out of Brussels because of the directives introduced after the financial crisis that might have affected their industry is “all crap”. Rather, he says, “Europe hasn’t exactly covered itself in glory”.[1]

Betting on Brexit

The Evening Standard reported that Odey had placed a big-stakes bet on the outcome of the Brexit referendum, which paid off handsomely – Odey made profits of £220 million – as markets went into a tailspin.

Straight after the referendum vote, Odey was quoted as saying: “I feel fantastic. It’s a fantastic decision by the electorate.”[2] “There’s that Italian expression,” he told the BBC. “‘Al mattino ha l’oro in bocca’ – the morning has gold in its mouth – and never has one felt so much that idea as this morning really.”

However, in January 2017, it was reported that Odey had 'slumped to his biggest ever losses'. His fund lost nearly 50% of its value in 2016 'as his ultra-pessimistic bets on the UK economy turned sour', wrote the Independent.[3]

Business interests

Odey is founder of hedge fund Odey Asset Management.

In 2008, as markets crashed, Odey made millions short-selling bank stocks.

Odey's company Odey Asset Management previously owns 12% of Circle Holdings, owner of private hospital company Circle Health.[4]

Affiliations

Political Donations

Recorded by the Electoral Commission:[5]

Note: The Conservative Party MP for North East Somerset is Jacob Rees-Mogg; Richmond Park is Zac Goldsmith and Hereford and South Herefordshire is Jesse Norman.

Date Name of donor Amount Donated to Subsidiary (parties only)
04/05/2017 Robin C Odey £5,000.00 Conservative Party North East Somerset
02/05/2017 Robin C Odey £50,000.00 Conservative Party Central Party
30/06/2016 Crispin Odey £217,192.00 Global Britain Ltd
21/06/2016 Crispin Odey £122,800.00 Democracy Movement
20/06/2016 Crispin Odey £300,000.00 Democracy Movement
23/04/2015 Robin C Odey £6,000.00 UKIP West Gloucs & Forest of Dean
11/03/2015 Robin C Odey £6,000.00 Conservative Party North East Somerset
06/03/2015 Robin C Odey £8,000.00 Conservative Party Richmond Park
02/10/2014 Robin C Odey £10,000.00 Conservative Party Hereford and South Herefordshire
17/06/2014 Robin Odey £12,000.00 UK Independence Party (UKIP) Central Party
23/04/2014 Robin Odey £10,000.00 UK Independence Party (UKIP) Central Party
08/10/2013 Robin C Odey £9,000.00 Conservative Party North East Somerset
06/04/2011 Odey Asset Management Group Limited £20,000.00 No Campaign Limited
03/03/2011 Odey Asset Management Group Limited £20,000.00 Conservative Party Central Party
26/01/2011 Robin C Odey £50,000.00 Conservative Party Central Party
19/07/2010 Robin C Odey £6,000.00 Conservative Party Orpington
11/05/2010 Robin C Odey £2,000.00 Conservative Party Mid Sussex
26/04/2010 R C W Odey £4,000.00 UK Independence Party (UKIP) Central Party
14/04/2010 Robin C Odey £2,000.00 Conservative Party North East Somerset
09/02/2010 Robin C Odey £5,000.00 Conservative Party Forest of Dean
30/06/2009 Robin C Odey £5,000.00 Conservative Party Hereford
23/06/2009 Robin C Odey £10,000.00 Conservative Party Central Party
12/06/2009 Robin Crispin William Odey £15,000.00 Christian Party "Proclaiming Christ's Lordship" [De-registered 26/07/12]
28/05/2009 Crispin Odey £3,000.00 Pro Democracy: Libertas.eu [De-registered 02/11/10]
16/05/2009 Crispin Odey £5,347.00 Pro Democracy: Libertas.eu [De-registered 02/11/10]
16/05/2009 Crispin Odey £1,617.00 Pro Democracy: Libertas.eu [De-registered 02/11/10]
15/04/2009 Robin Crispin William Odey £10,000.00 Christian Party "Proclaiming Christ's Lordship" [De-registered 26/07/12]
25/03/2009 R C W Odey £100,000.00 Conservative Party Central Party
13/02/2009 Robin C Odey £9,000.00 Conservative Party Central Party
07/07/2008 Robin C Odey £30,000.00 Conservative Party Central Party
03/12/2007 Robin C Odey £3,000.00 Conservative Party Gloucester

[6]

Notes

  1. ↑ Why are hedge funds supporting Brexit?, Guardian, 6 Nov 2015
  2. ↑ Business focus: The billionaire hedge fund winners who braved the Brexit rollercoaster, Evening Standard, 29 June 2016
  3. ↑ Brexit-backing hedge fund billionaire Crispin Odey suffers record losses as UK stock market surges to all-time high, Independent, 6 Jan 2017
  4. ↑ Sean Farrell Circle says it’s driven by its patients – but it’s been looking rather sick itself Guardian, 9 January 2015, accessed 7 May 2015.
  5. ↑ Electoral Commission, Search: 'Odey', accessed 7 May 2015
  6. ↑ Search, Electoral Commission, accessed Nov 2017
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