From the Daily Telegraph, January 27 2012
Wilson treads a troubled path
Was Gavin Wilson one of 2011’s unluckiest investors?
He ended 2010 as a star performer with his Rab Energy Fund – part of the troubled Rab Capital hedge fund group.
Wilson left in the late spring for what were described as “personal reasons”. Coincidentally this was about the same time RAB was forced to de-list.
My City spies tell me, a month later he pitched up as investment director in London of Geneva-based hedge fund Meridien Capital.
Wilson suggested Merdien should invest £1m in Pathfinder Minerals.
Pathfinder is an AIM-listed stock.
By November, its shares had been suspended at barely more than he’d paid.
Now the company is trying to establish whether it owns any assets at all.
Roll on 2013 eh Gav.
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Email dated 15 December 2011 from Meridien’s in-house legal counsel Paul Marchand, to General Veloso’s daughter Miriam Veloso:
From: Paul Marchand <Paul.Marchand@meridian-capital.net>
Date: 2011/12/15
Subject: RE: Pathfinder Minerals
Date: 2011/12/15
Subject: RE: Pathfinder Minerals
Dear Ms. Veloso, thank you for your email and the opportunity to clarify our position.
It is correct that Gavin Wilson initiated our investment in Pathfinder Minerals plc based on recommendations from Tim Baldwin as well as our own analysis of the company……
Kind regards
Paul Marchand
Meridian Securities (UK) Limited
Private company limited by shares registered in England and Wales
Registration No 4171796, VAT Registration No GB 788 1299 73
Registered address: 3rd Floor, Broughton House, 6-8 Sackville Street, London W1S 3DG, United Kingdom
Tel. +44 20 7494 6060 Fax +44 20 7494 6070
Private company limited by shares registered in England and Wales
Registration No 4171796, VAT Registration No GB 788 1299 73
Registered address: 3rd Floor, Broughton House, 6-8 Sackville Street, London W1S 3DG, United Kingdom
Tel. +44 20 7494 6060 Fax +44 20 7494 6070
