Odey Asset Management, one of Britain’s oldest hedge funds, has announced it is closing down, almost a year after Tortoise reported allegations of sexual assault by five different women against its founder Crispin Odey. The crisis facing the firm, which managed £13.3 billion at its peak, intensified in June when the FT reported more allegations of sexual abuse against him. The reports prompted banking partners to cut ties with the firm, forcing it to begin shutting or transferring funds to other asset managers. Its partners ousted Odey from the firm he founded in 1991. When Tortoise first asked Odey to respond to the multiple allegations of sexual assault and harassment against him that it had heard, he said they contained many “falsehoods” and “inaccuracies” and warned of “consequences” should they be published.