Category Archives: Hedge Funds

If Kwarteng is still working for Odey Asset Management, big questions need answering

Kwasi Kwarteng: who is he really working for?

The big question on the social media this morning refers to Chancellor Kwasi ‘Queasy’ Kwarteng and any jobs he may have on the side.

Private Eye revealed that Kwarteng had a second job, pocketing £20,000 per month working for his old employer Odey Asset Management, back in 2011:

Now questions are being asked about whether he is still taking money from Crispin Odey who, This Writer understands, made a huge amount of money from the crash Kwarteng engineered with his ‘fiscal event’ last month.

Apparently the Eye has mentioned it again:

But I’ve seen no evidence of it online.

The connection is still concerning and we need clarity. Doesn’t Parliament have a watchdog for these details?

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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The status quo – that Liz Truss said was ‘not an option’ – funded her Tory leadership campaign

Money: Liz Truss had half a million pounds in funding for her Tory leadership campaign – almost twice the permitted amount. It came from hedge fund bosses, bankers and business leaders – the “status quo” that she warned against in her two-faced Conservative Party conference speech.

Remember this, from Liz Truss’s keynote speech at the Conservative Party conference, only yesterday?

Today we discover that, not only is it an option for her, but it was her first option when seeking funding for her campaign to be leader of the Conservative Party – and prime minister by default:

These are people who will now consider it their right to make demands of the UK’s prime minister, ensuring that she does what they tell her – because she owes them her job.


The prime minister, who has made a virtue of being pro-business and cutting taxes, saw a further round of donations declared on the register of MPs’ interests on Wednesday.

The second tranche of donations takes the amount she has received to more than £500,000 – way above the campaign spending limit of £300,000.

So she broke the campaign’s rules.

Doesn’t that make her candidacy invalid? Shouldn’t she be resigning right about now, rather than jetsetting around the world on a prime ministerial jolly?

Source: Liz Truss raised £500,000 for bid to be leader, register of interests reveals | Politics | The Guardian