TALK OF THE TOWN: City’s Couple Crispin Odey And Nichola Pease Split After Pain From Sexual Assault Case
Just weeks after he was cleared of groping a junior banker after a lurid hearing, I can reveal that hedge fund magnate Crispin Odey will split from his wife of 30, Nichola Pease, citing “ public humiliation ” over the case.
The surprising divorce – after the couple staged a show of oneness out of court during the stressful case – sets the stage for what could be one of the costliest divorces in recent British legal history.
The 62-year-old banker in Harrow and Oxford, who referred to Nichola, told me of the breakup, “Public humiliation isn’t something a girl should take.”
‘Humiliation’: Hedge fund mogul Crispin Odey and Nichola Pease show unity out of court earlier this year
It’s a sad end to what could have been a new chapter for the couple, whose combined value is estimated at £ 825 million by The Sunday Times Rich List.
The couple were pictured arm in arm before Westminster Magistrates’ Court in March, after Mr. Odey was found not guilty of indecent assault.
It has been alleged that in 1998 the financier launched himself on the woman, then in her twenties, as ‘an octopus’ at his £ 7.8 million Chelsea home. But District Judge Nicholas Rimmer said there were inconsistencies in her report, telling Mr. Odey he could leave the court with “your good character intact.”
Mr Odey, who made £ 220 million in 2016 betting against the pound when the UK voted to leave the European Union, told me the lawsuit had put unbearable strain on his marriage, which fell apart due to pressure from public scrutiny .
“I’ve been through the wars in many ways,” he said. “I won, but there was something publicly humiliating about the case.”
Nichola, who married the Conservative Party donor in 1991 and has had three children with him, is a successful fund manager in his own right. She is Chairman of Jupiter Asset Management and a descendant of the founders of Barclays.
Mr Odey, who made £ 220m betting against the pound in 2016 when the UK voted to leave the European Union, told me the case had put unbearable strain on his marriage.
Mr. Odey told me they live separately, but still on good terms.
He said, ‘No one else is involved. They are essentially the sins of the past. These things are very sad. ‘
But the larger-than-life tycoon, who founded his fund management firm with £ 150 million in seed money from investor George Soros, has maintained his optimistic outlook, saying he was grateful for the marriage and that ‘we have three wonderful children, and we are very lucky’ .
Writer and Labor colleague Joan Bakewell has called for vigilantes to stand up and rid the streets of London from the terrible plague of, error, partygoers.
Her call for guns isn’t aimed at the nastier streets of the capital, but her chi-chi Primrose Hill neighborhood.
Baroness Bakewell sent a message to her Twitter followers last week declaring war on “ weekend partygoers on Primrose Hill, including those who destroy shops. ”
After receiving no joy from the police, the 88-year-old demanded, “Time for local vigilantes – will that be legal?” The grande dame of Labor was once famous as “the thinking man’s crumpet”; now she sounds more like a bar cake.
Author and Labor colleague Joan Bakewell’s call is not aimed at the nastier streets of the capital, but her chi-chi Primrose Hill neighborhood
Richard’s recipe for wealth
He may have won a Michelin star and cooked for the Queen, but Chef Richard Corrigan admits he buys all of his pans from charity stores.
Richard, whose London eateries include Bentley’s Oyster Bar and Grill, tells me that the second-hand shops in Hampstead have a lot of chic cookware, especially Le Creuset, which is almost as good as new because they are ‘pots for middle-class people who hang them up ‘. and never use them.
I’m not paying £ 500 for a jar, I can get it for a fraction of that. And I only wash them with water. “Crikey, Richard, after you’ve saved up all that money, you can definitely afford a bottle of Fairy Liquid!