Herman Pretorius, South African Hedge Fund Manager, Shot Partner, Himself Over Alleged Ponzi Scheme

8 Aug

Author:  Harry Bradford

Publications:The Huffington Post 

Date Published:  08 August 2012

South African hedge fund managerHerman Pretorius allegedly shot and killed his business partner Julian Williams before turning the gun on himself after regulators launched an investigation into his firm, Relative Value Arbitrage Fund, according to Forbes.

Pretorius had come under scrutiny after anarticle questioned his company’s high investor returns as “too consistent,” and is now suspected of running a Ponzi scheme worth up to $245 million.

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