Hedge Funds

Touradji and Ellis settle out of court


The bitter legal feud between the co-founders of now-defunct Catequil Asset Management appears to have come to an end with an out-of-court settlement. The agreement concludes a bizarre chapter in which two respected former Tiger cubs, who founded a highly successful firm, were forced to shut their operation when their relationship went south. The terms of the settlement were not disclosed.

Paul Touradji, a Tiger cub who resurfaced with Touradji Asset Management shortly after Catequil closed, and fellow former Tiger cub Robert Ellis abruptly dissolved Catequil late last year after the legal dispute in which Ellis charged Touradji