A COURT has appointed trustees for the fund run by Herman Pretorius, the Cape Town man whom police believe shot Basileus Capital CEO Julian Williams before killing himself on July 26, and they have secured his offices, one of the trustees said.
The master of the Western Cape High Court appointed three provisional trustees to take over the affairs of Pretorius’s RVAF Trust on Friday. "We have secured the building and locked the offices and will start with our investigation immediately," Rynette Pieters, a director at Independent Trustees , said in reply to e-mailed questions.
The offices are in the city’s Tygerberg suburb.
Mr Pretorius, 40, shot Mr Williams, 37, in the neck and the chest at his office in Long Street, Cape Town, before shooting himself in the head, police captain Frederick van Wyk said in an e-mailed statement on July 27.
The two had been partners in Abante Capital, a Cape Town hedge fund.
The court also appointed Lambertus von Wielligh Bester, a liquidator at Progressive Administration, and one other trustee to take over the affairs of the RVAF Trust, Pierre du Toit, a lawyer representing Morne Strydom, an investor in the trust who applied for it to be sequestrated on July 31, said by phone from Cape Town.
September 3 has been set down as the date for final liquidation, according to court documents.
RVAF Trust was established in April 2004. Mr Pretorius and Eduard Brand were trustees.
SA’s Financial Services Board began a probe into the trust after receiving allegations that the fund was conducting business for which it was not regulated.
Bloomberg
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