From Moneyweb: a letter to investors in a scheme run by Herman Pretorius
has confirmed the death of the former hedge fund boss. The unsigned communication
has left unanswered questions over what Pretorius's clients are invested in. It
lists three investments, only two of which were previously known to Moneyweb.
It does little to disclose the nature of the investments or who is left to
manage them in the wake of Pretorius's death.
On Thursday night, Pretorius allegedly shot his former
business partner Julian Williams dead in his Cape Town offices, then turned the
gun on himself. Pretorius used to be
involved with a hedge fund called the Abante Statistical Arbitrage. At the time
of his death he ran an unregulated investment scheme called the Relative Value
Arbritrage Fund (RVAF), which many investors believed to be a hedge fund.
Pretorius had been due to attend a meeting of investors in
Moorreesburg on the evening of his death. Investors were informed that the
event had been cancelled because Pretorius was in a meeting with Williams.
No comments:
Post a Comment