FCA says investigation into Crispin Odey remains live

LONDON (Reuters) - Britain's Financial Conduct Authority (FCA) said on Tuesday it has closed its investigation into Odey Asset Management after the firm's closure, but its probe into its founder Crispin Odey remains "live".

Odey Asset Management, one of Britain's best known hedge funds, said in October it would shut, less than six months after Crispin Odey faced fresh allegations of misconduct.

Crispin Odey was ousted in June from the company he founded in 1991, after the Financial Times and Tortoise Media reported that 13 women had alleged that he had sexually assaulted or harassed them. Odey has denied the allegations.

The FCA said in July is was investigating whether Crispin Odey is a "fit and proper" person to work in financial services.

"The investigation into the individual remains live," FCA CEO Nikhil Rathi told parliament's Treasury Select Committee on Tuesday.

Rathi said he was unable to give an update on how that investigation is proceeding.

(Reporting by Huw Jones; editing by Jason Neely)