Odey Trims Stake in Brazil Farm Group Amid Scandal Fallout
- Odey has held about 9% of agriculture powerhouse since 2017
- UK investor was said not to have an active voice in company
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The scandal enveloping UK-based hedge fund manager Crispin Odey and his firm is having consequences as far as Brazil.
Odey Asset Management has begun to offload its long-held position in SLC Agricola SA, the country’s largest farming company, according to people with direct knowledge of the matter. The number of shares trading hands and which of the firm’s funds are involved isn’t clear, the people said, asking for anonymity because the information isn’t public. While the exact timing of the sales can’t be pinpointed yet, they’ve been done over the past few days, they added.