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Brook Asset Management, a subsidiary of Odey Asset Management, will reopen the Brook Developed Markets fund from 7 July.

(Bloomberg) -- Odey Asset Management is in talks with Lancaster Investment Management to transfer funds run by portfolio manager James Hanbury and restructure its flagship hedge fund as the investment firm grapples with the fallout from sexual assault allegations against its founder.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysA $100 Billion Wealth Migration Tilts US Economy’s Cen

Following several funds suspending trading

Odey Asset Management said it has temporarily suspended trading in its Special Situations fund, which is worth around £62m.

(Bloomberg) -- Odey Asset Management halted withdrawals from two more funds in response to mounting redemption pressure as the firm struggles to contain the fallout from fresh sexual assault allegations against its founder Crispin Odey.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementCrispin Odey’s One-Week Downfall Was Decades in the MakingSocial Security Benefits Targeted for Cuts by Ho