The scandal engulfing hedge fund tycoon Crispin Odey is a painful reminder that men in positions of power can get away with abusive behaviour for far too long, City leaders say.

Thirteen women have come forward accusing the Odey Asset Management founder of sexual harassment and assault over 25 years. Odey's eponymous firm, which became a staple in the City thanks to his bold contrarian bets, is on the brink of collapse.