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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?