Wellcap Founder Schram Commits Suicide

Aug 29 2011 | 1:25pm ET

Hedge fund manager Alan Schram was found dead earlier this month of a self-inflicted gunshot wound.

Schram, the founder of Los Angeles-based Wellcap Partners, was found on Aug. 16 outside of his car. The Los Angeles County Coroner's office has ruled his death a suicide.

Schram, an Israeli Air Force veteran who also wrote for the Huffington Post web site, did not leave a suicide note.

Schram was a friend and business associate of former private equity manager Russell Armstrong, who committed suicide just a day before Schram. It is unclear whether the two deaths are connected, although Schram took his life down Mulholland Drive from the home where Armstrong, a star of the reality television show The Real Housewives of Beverly Hills, took his.

Armstrong had reportedly been facing personal and financial trouble—his wife, Taylor, had recently filed for divorce. Schram's financial situation is unclear, although both he and Armstrong were connected with the investment group Tiger 21.

Armstrong's memorial service in Los Angeles was rife with talk of the two men's deaths, TMZ reports.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note