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UKIP's Hedge Fund Backer Is Funding Conservative Candidates Again

The multimillionaire Crispin Odey is helping Jacob Rees-Mogg win re-election.

Simon Felder / Via youtube.com

Crispin Odey, one of UKIP's biggest donors, has returned to providing financial backing to the Conservatives in time for the general election.

Odey, who is thought to be worth over £400 million, has been one of UKIP's most high-profile backers despite never joining the party. He hosted private dinners where he introduced Nigel Farage to fellow hedge fund executives, and last year personally gave £22,000 to UKIP.

But he has now changed direction, handing £6,000 to the campaign to re-elect Conservative candidate Jacob Rees-Mogg in the North East Somerset constituency, according to parliament's register of members' interests. The donation was registered on 30 March, the day parliament was dissolved.

Earlier this month, Rees-Mogg described UKIP as "the natural allies of the Conservatives", while Odey has previously been spotted dining with former cabinet minister and Conservative Owen Paterson.

Odey, a prominent Eurosceptic, made millions by correctly predicting the 2007 financial crisis. He recently spent over £100,000 building a chicken hut in the style of a Grecian temple in his garden and is now predicting another major financial collapse in the near future.

A spokesperson for Odey Asset Management told BuzzFeed News: "Crispin Odey is not available to discuss."

Jim Waterson is a politics editor for BuzzFeed News and is based in London.

Contact Jim Waterson at jim.waterson@buzzfeed.com.

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