Private Advisors Co-Founder Steps Down

Rafael Astruc is out at Private Advisors, the Richmond, Va.-based alternative asset management firm he co-founded thirteen years ago. Astruc's final day was last Friday, and he does not yet seem to have new employment. Private Advisors confirmed the resignation in a brief statement to peHUB, adding that the firm "is operating in its usual manner and does not anticipate any disruptions to the business." A source familiar with the situation says that Private Advisors is prohibitted -- or at least strongly discouraged against -- saying more, due to a nondisclosure agreement over the terms of

19 February 2010•1 min read
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