Petition for Court Supervision of a Voluntary Liquidation in the matter of SCF Brazil, Cayman Feeder SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.
Another Cayman Islands mutual fund - SCF Brazil, Cayman Feeder SPC - associated with the Miami-based, Brazil-focused Prudent Group has collapsed, this one operated by Swedish national Jon Malmsäter, who has a history of dubious investment schemes, indebtedness, tax problems, and even domestic violence.
Letter to investors in SCF Brazil, Cayman Feeder SPC from directors Jon Malmsäter and Paulo César de Melo Ladeira, Jr. announcing that the Fund is going into voluntary liquidation.