FERRIER HODGSON
Ferrier responds to talk of Viceroy's alleged inside info on Steinhoff
Australian restructuring specialist Ferrier Hodgson has moved to distance itself from a former employee's involvement with Viceroy Research, the the team that won big by betting on Steinhoff’s share price collapse. Ferrier issued a statement on Friday saying that Gabriel Bernarde had resigned from Ferrier on November 3. "Ferrier Hodgson has no relationship with Viceroy Research and was unaware that Mr Bernarde had any involvement with that firm," it said. "Any actions Mr Bernarde took were his own undertaking and not as part of his employment with Ferrier Hodgson. Ferrier Hodgson has received no benefit from Mr Bernarde’s involvement with Viceroy. "Mr Bernarde had no involvement in the appointment of Ferrier Hodgson as advisers to Steinhoff Asia and had resigned his employment prior to Ferrier Hodgson becoming involved in that matter." Business Day earlier reported that Viceroy may have had inside information on the retail group’s dire state of affairs through Bernarde. On Thursday,...
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