The Amerindo Internet Trust, plagued by the arrest of its manager on fraud charges, is to be wound u...
The Amerindo Internet Trust, plagued by the arrest of its manager on fraud charges, is to be wound up. The fund was one of the most high-profile vehicles of the tech-boom era taking £400m of assets on launch in 2000, but through investment losses and tenders has dwindled to £26m. Matters were brought to a head with the arrest in June of its US-based manager Alberto Vilar on charges of taking some $5m from an investor. His co-founder of Amerindo Investment Advisors (AIA), Gary Tanaka, has also been arrested on fraud charges. The trust lost its investment trust status because managers f...
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