Hedge Funds

Catequil duo split and wind-up fund


The nasty, highly public divorce between the co-founders of the Catequil funds proves again that even great performance isn't enough when a fund's co-managers cannot get along.

In a letter to investors on October 21, that even read like divorce papers, the firm announced it plans to dissolve the partnership and liquidate all of its funds due to "irreconcilable differences and current litigation between us." The letter refers to Robert Ellis' suit against co-founder Paul Touradji, which includes allegations that Touradji was abusive to employees, diverted nearly $1 million in funds from the partnership to his girlfriend and