Odey Asset Management is continuing to shift its business as it reels from sexual assault claims against its eponymous founder, with the firm's Special Situations fund the latest to enter transfer talks.

Green Ash Partners, a fellow Mayfair boutique, is in discussions with the hedge fund — which was run by Crispin Odey until his ousting last month amid allegations of sexual impropriety from 13 women — to take over the vehicle run by portfolio manager Adrian Courtenay, according to an investor letter first reported by Bloomberg.