Jeremy Corbyn Takes Shot at Crispin Odey
It’s not just Elizabeth Warren and Bernie Sanders taking shots at hedge fund managers.
Jeremy Corbyn has launched his campaign for Prime Minister ahead of a December 12 snap election. The British Labour leader used his campaign launch to take shots at Crispin Odey. Corbyn accused the head of Odey Asset Management of being one of many “representatives of a rigged system.”
In a speech, Jeremy Corbyn said that this election would be about “Whose side are you on?”
The Labour leader had also pledged to renationalize the country’s rail system, water industry, and Royal Mail.
Jeremy Corbyn Attacks Crispin Odey
Odey is a hedge fund manager and a major donor to the Conservative Party. Corbyn, however, called Odey a “greedy banker” who “makes millions betting against our country and on other people’s misery.”
Odey’s spokesman responded to the accusations that he bet against the U.K. economy as “absolute rubbish.”
Corbyn also took shots at New Corp. Chairman Rupert Murdoch and Ineo Chairman Jim Ratcliffe. He also went on to call Sports Direct founder Mike Ashley as a “bad boss” and criticized “landlords like the Duke of Westminister.”
The Labour Party and Jeremy Corbyn had previously laid out plans to seize 10% of large British companies. The politicians plan to give those stakes to company employees.
The statement comes the same day that U.S. Democratic Senator Elizabeth Warren again called out Leon Cooperman.
Cooperman recently sent her a scathing letter about her economic policies.
Latest Alternative Investment News
Activist Carl Icahn has taken another big bet against a sector. This time, the hedge fund manager is targeting mall operators. Icahn could earn $400 million or more if mall…
The Apollo Management 13-F reveals what the private equity and alternative investment firm bought and sold in the third quarter. While we cannot see or benefit from their private holdings,…
Fidelity Digital Assets received a license from the New York State Department of Financial Services. The state regulator provided permission for the crypto-arm of Fidelity Investments to offer new services….
Premium Point Investments trader receives 40 months in prison for a mismarking scheme. Anthony Scaramucci has received justice from the firm that caused Skybridge Capital about a $79 million loss….