Tag Archives: PricewaterhouseCoopers

PwC helped Herman Pretorius sell his R1.8bn fund

20 Aug

Author:  Julius Cobbett

Publications: MoneyWeb

Date Published: 20 August 2012

Audit firm admits to “facilitating” meetings but denies recommending Pretorius’s scheme.

JOHANNESBURG – Audit firm PricewaterhouseCoopers “facilitated” investment meetings held by the late Herman Pretorius. Before his death Pretorius had been operating an unorthodox investment scheme called the Abante Relative Value Arbitrage Fund (RVAF). This fund, which took the form of a trust, was provisionally sequestrated by the Western Cape High Court on August 1. The fund is believed to owe R1.8bn to 3 000 investors.

A number of readers have contacted me claiming that PricewaterhouseCoopers (PwC) was involved ……..

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A Private Equity CEO Was Shot Dead In His Office

27 Jul

Julia La Roche

Author:  Julia La Roche

Publications: Clusterstock

Date Published: 27  July  2012

The CEO of private equity firm was allegedly shot dead by a former business partner who then killed himself, MoneyWeb’s Julius Cobbett reports.

The CEO was Julian Williams, 37, the chief executive and co-founder of Basileus Capital.

He was allegedly shot by  Herman Pretorius, a former business partner at hedge fund Abante Statistical Arbitrage.

MoneyWeb points out that the pair had a big dispute earlier this month over the payment of dividends for a company called SA Superalloys.

Here’s Williams’ bio from Basileus:

Julian Williams graduated with a Masters in Commerce from the University of Cape Town. He successfully completed his board examination and following the completion of his training contract with PriceWaterhouseCoopers Inc, he obtained his CA (SA) professional membership from the South African Institute of Chartered Accountants.

In Business:

In 2001 he was responsible for launching Penryth (Proprietary) Limited, a specialist securities lending business in South Africa. This led him to move across and establish an investment Group of companies which comprised: a Financial Services Board registered investment manager; and a private equity company and related companies.

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