David Morisset is the nom-de-plume of David Andrews – a former director of Astarra Capital – later Trio Capital – the responsible entity for the Astarra funds. The Morisset persona is a self-published poet and a worthwhile writer. He writes a blog which deserves more attention.
However as an independent director of a financial institution he has a problem – under his nose it seems about 170 million has simply gone missing. With respect to one fund (the Astarra Strategic Fund or ASF) the judge said:
- there are strong reasons to believe that a substantial part of the funds of AFS were invested fraudulently and have been lost;
It is unlikely those were lost to David Andrews or David Morisset. Instead he was just a director when it happened.
When you hear me sing in the corridor you would (justifiably) suggest I do not give up my day job. But seeing how well Morisset writes and his problems as a financial director I suggest that he is much better at the weekend job. Award winning even.
And below is a riff he wrote about a fictional funds management organization. The resemblance to Astarra is surprisingly strong…
The Sydney Morning Herald notes that this “cracking yarn” is suddenly missing from Morisset’s blog – which is a pity. Like many things written by Morisset it deserves more attention.
To ensure that I have reprinted it below.
PS. For Michael Mascasero in the fiction substitute Matthew Littauer who was murdered in Roppongi in mafia style circumstances…