Viceroy Analysis – Jonathan Lourie, Hidden Connections & Doubtful Historical past

Jonathan Lourie is the founder and CIO at Cheyne Capital, a London-based different asset supervisor.  The agency launched its first fund in 2000 and at present focuses on actual property debt, social property impression, company credit score, convertible bonds, event-driven investing, and equities. 

Cheyne’s funds are primarily from institutional traders. Regardless of that truth, Cheyne are scorching on the heels of various instances on the interpretation of securitisation paperwork.

Viceroy Analysis & Fraser Perring

On the opposite facet of the Thames, we are able to discover Viceroy Analysis managed by Fraser Perring ( 

Viceroy Analysis LLC was based in 2016 by Perring along with Australian companions Aiden Lau and Gabriel Bernarde and registered in Delaware, U.S.. Viceroy claims to be a global investigative monetary analysis group. 

Lately, Viceroy has been shameful for the brief place it took with House REIT PLC, and is blamed for fraud, market manipulation & insider buying and selling.

Perring disclosed his brief place on House REIT on November 22, 2022, whereas on twenty third of November, Viceroy Analysis printed its first unfavourable report about House REIT adopted by the second report on thirtieth of November. On February twenty second 2023, Perring declared he may take over House REIT after its downfall.

Zatarra Leaks

Zatarra Analysis was based by Fraser Perring, in 2020 a doc describing Wirecard affair named “Zatarra Leaks” was printed. The doc alleges that Zatarra Analysis was backed by Brett and Eli, two males with rich households and backers within the UK and Israel. In keeping with the publication Zatarra Analysis supposed to make earnings by inventory market manipulations. Zatarra Analysis’s commerce plan was coordinated with media publications of unfavourable experiences by the group. 

Capitec Entanglement

Viceroy is well-known for moving into bother, again in 2018 Viceroy Analysis printed unfavourable experiences concerning Capitec, a South African financial institution. Viceroy Analysis alleged that Captiec was making unsecured loans primarily to low and middle-income households and concealing losses by refinancing loans that prospects had been unable to repay. In 2021 the Monetary Sector Conduct Authority (FSCA) imposed an administrative penalty of fifty million Rands (round 3.7 million {dollars} on the time) on Viceroy Analysis.  In keeping with the FSCA, in January 2018 Viceroy Analysis printed false, deceptive, or misleading statements, guarantees, or forecasts concerning materials information about Capitec, which they ought fairly to have identified weren’t true.

Sources of Funds

Fraser Perring isn’t a rich particular person that may financially backup his investments, and therefore there may be at all times somebody that’s offering the monetary backup. UK Sources allege that the present monetary backup to Viceroy is offered by no apart from Jonathan Lourie, from Cheyne Capital.

Allegedly, Jonathan isn’t solely the monetary backer of Viceroy, he’s additionally tipping Viceroy on the researched corporations.

Cheyne has a predominantly institutional investor base, the alleged suggestions and monetary backup to Viceroy by Jonathan, inflicting losses to the identical institutional traders from Viceroy’s shorts.

Spanish-Saudi Prison Plot

Cheyne’s identify was tied to a Spanish-Saudi felony plot round 2007 (https://english.elpais[.]com/usa/2021-10-03/corinna-larsen-planned-for-30-of-income-from-a-spanish-saudi-fund-to-be-bequeathed-to-former-spanish-king-juan-carlos-i.html), as Cheyne co-managed a Spanish-Saudi Infrastructure Fund named “Fondo de Infraestructuras Hispano-Saud”.  The fund was introduced in April 2006 in Riyadh throughout an official go to by the Spanish monarch, Juan Carlos I.  The fund’s primary challenge was the development of the AVE prepare linking Medina to Mecca. The full worth of the challenge was 9.4 billion {dollars}. 

A 12 months after the creation of the fund, the Saudi Ministry of Finance transferred $100 million to an account belonging to the Panamanian basis Lucum, held at Swiss financial institution Mirabaud & Cie and whose primary beneficiary was Juan Carlos I. In consequence, Juan Carlos I used to be investigated by Spanish authorities beneath the suspicion for a number of offenses, together with bribery, affect peddling, and tax evasion.

Tax Settlement with British Authorities

In keeping with the New York Instances, in 2007, Cheyne Finance, a subsidiary of Cheyne Capital Administration, went into chapter 11 and reached a settlement with British authorities concerning tax money owed. In keeping with the settlement, Cheyne was obligated to pay 3.2 million kilos ($6.7 million) to HM Income & Customs.

Will historical past repeat itself?