Bill is the founder and primary portfolio manager for Pope Asset Management, LLC. In November last year, Tethys was facing a serious cash squeeze and needed extra investment. Copyright 2023 Surperformance. Because Soosaipillai is a shareholder and director of numerous companies called Prax, and the investment vehicle he used to invest in Tethys was called Prax Pte. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia. Employees dont receive compensation from other entities for client referrals. So its chairman, former Goldman Sachs banker Bill Wells, whose Pope Asset Management is also the biggest Tethys shareholder, brought in two new backers, Winston Soosaipillai, a British fuels importer based in leafy Weybridge, Surrey, and Kazakhstan-based Medgat Kumar, to shore the business up. He has been a member of the American Institute of Certified Public Accountants for 16 years. Menu. Big players such as JPMorgan Asset Management and Capital Group took stakes in the company. Copyright 2023 CB Information Services, Inc. All rights reserved. Adeola Ogunsemi is an experienced oil and gas professional. William Paul Wells founded Pope Asset Management LLC. (Shanghai) -- U.S. investor Bill Wells went hunting for profits in China but was eventually hung out to dry. He had previously worked in the Private Wealth Management division of Goldman Sachs, where he was a vice-president working primarily with family groups throughout the southeastern United States. Retail Financial Analyst at AutoZone . Pope Asset Management, LLC is a large advisory firm based in Memphis. Mattias has a BA in Corporate Finance and an MBA degree from IMD Lausanne, Switzerland. Find company research, competitor information, contact details & financial data for Nomura Asset Management Taiwan Ltd. of Taipei City. Get the latest business insights from Dun & Bradstreet. Pope Asset Management is a hedge fund with 59 clients and discretionary assets under management (AUM) of $127,748,405 (Form ADV from 2022-03-14). B. - All Parts 19.) email address below and choose 'Submit'. For a time he practiced alone, but subsequently formed a partnership with the late Pope Barrow, a gentleman of many distinctions, who had been United States senator and who later became judge, This part nership continued from 1894 until 1902, and in the year last mentioned, Mr. Osborne formed a second partnership with Alexander L. Lawrence . Pope Asset Management's is . Sources close to disgruntled Tethys shareholders suggest that Prax-AK is a joint venture between a seriously well-connected Kazakh businessman, Islambek Salzhanov, and wait for it Soosaipillai, one of the two new Tethys investors brought in by Wells. The US Corporate government seeks to roll over its payments past the deadline. This account already exists. And the episode proves one of the oldest adages in the City, which Greg Hands will know well from his career in the Square Mile before politics: caveat emptor. UNCLAIMED . (Farringer, John) You can opt-out at any time by signing in to your account to manage your preferences. Owners who claim their business can update listing details, add photos, respond to reviews, and more. Wells was no stranger to this and other particularities of the Use the PitchBook Platform to explore the full profile. Pope Asset Management, LLC waiver sent on 12/22/2020, answer due 2/22/2021. Borrelli Walsh Limited v. Pope Investments LLC et al, Pope Asset Management, LLC, Pope Investments LLC and William P. Wells, US District Court for the Western District of Tennessee. Whalewisdom has at least 73 13F filings, 16 13D filings, and 50 13G filings, You are limited to the prior 8 quarters of 13F filings. Justia US Law Case Law Delaware Case Law Delaware Court of Chancery Decisions 2010 Pope Investments LLC v. Benda Pharmaceutical, Inc., et al. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. I do not believe Wells has paid any attention to the rights of shareholders, said one. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. You can reach the main office by calling the phone number 901-763-4001 or by fax 901-763-4229. will read it for free! View Bill Wells' profile on LinkedIn, the world's largest professional community. The firm manages $166.05 million in discretionary accounts and $119.67 million in non-discretionary accounts. The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. Close. Identification Nos. Condence in both the self-regulation of the market and in corporate management suddenly collapsed. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. Pope Asset Management has custody of $119.67 million in cash and securities for 139 clients in total but doesnt act as a qualified custodian. Cloudflare Ray ID: 7a13b212dce8238a Defendants replied on April 5, 2021. Tethys fell from a value of C$240 million when it floated in London to C$13 million when it delisted in May. Access this case on the Tennessee Western District Court's Electronic Court Filings (ECF) System. The firm doesnt compensate employees in addition to the salary for bringing in new clients. How do I update this listing? When completed, an email will be sent to the email address you specify You can find more information about the New York firm at popeasset.com. The company, Tethys Petroleum, had former Tory Cabinet minister Peter Lilley on its board, adding Establishment lustre to its credentials. Performance & security by Cloudflare. As part of the deal, it was agreed that Wells' Pope Asset Management subsidiary would have the option to swap two loans . The advisory firm has several streams of revenue. William received a B. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Among the 9 most similar advisory firms, Pope Asset Management has the 4th highest percentage of high net worth individuals out of all clients. As Britain tries to charm former Soviet republic, a cautionary tale emerges. The transactions saved Tethys for another day but also angered shareholders, who say their stakes have been unfairly diluted. 106 followers 100 connections. Casey Scott Mccandless joined the executive team most recently as the Chief Compliance Officer. The action you just performed triggered the security solution. Check the Appropriate Box if a Member of a Group (a) (b) 3. Pope Asset Bill Wells Owner Litchfield, IL. . US Corporations' September 30th fiscal payment deadline Sep 30, 2023 USA Each year around that time, as the payment deadline approaches, we see all sorts of maneuvers. Critics have privately accused the company of delisting from London to escape regulatory scrutiny. Het lijkt er op dat je browser advertenties blokkeert. Menu. Operator: Good day and thank you for standing by. Civitas Resources, Inc. (NYSE: CIVI) Q4 2022 Earnings Call Transcript February 23, 2023. View history. Bill McKibben, Deep Economy, The Wealth of Communities and the Durable Future (New York: Times Books . Previously, William was a Chairman at Tethys Petroleum and al so held positions at MultiVir, Pope Asset Management. The pair have fallen out over a proposed investment by Olisol in Tethys in 2015. Create Email Alert, ***Log In or MEWE @brianhyland7. Previously, Calvin was a Managing Director at Keys Holding Group and also held positions at Pope Asset Management. You can read more about your cookie choices at our privacy policyhere. William Wells is a Retail Financial Analyst at AutoZone based in Memphis, Tennessee. Key Principal: Bill Wells See more contacts Industry: Investment advisory service. You can email the site owner to let them know you were blocked. Bill has 1 job listed on their profile. China Stories: The Questions Hanging Over Ant Group, In Depth: China Grapples With Fiscal Overhaul as Budgets Come Under Pressure, First of Its Kind Survey Shows How Many Buildings China Has, Huawei to Expand Smart Selection System for Deals With Automakers, United Airlines Delays Adding China-U.S. Services Under Pandemic Era Cap, Exclusive: Tencents Top Risk Control Executive to Depart Amid Fintech Revamp. Bill had been at Goldman Sachs since his graduation from the Amos Tuck School of Business at Dartmouth College in 1985. Technology Vendors; Recent Research . It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Georgia, Mississippi, and Tennessee. Clients pay Pope Asset Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Blue-chip names piled in with the money they were investing on behalf of pension savers. This business is unclaimed. Prior to being a founding member of Pacific Asset Management in 2007, JP was a senior member of Pacific Life's credit research team, overseeing investments in corporate bonds, high-yield, and bank-loan securities from 1997 to 2006. Chairman of the Board of Directors. Bill Wells President at Pope Asset Memphis, TN. This website uses cookies to improve your experience. All rights reserved. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients. Founded in 2000, Pope Asset Management, LLC is a Registered Investment Advisor (RIA) offering financial asset management services to high net worth investors. Industries. On top of advisory services, the firm doesn't engage in other business activities. Written by investor.com. UNCLAIMED . Don Streu has been the President and CEO of Condor Energies Inc (formerly Condor Petroleum Inc) for over 14 years, which is a company focused on energy development in Central Asia and Turkey. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, French tycoon Niel hikes stake in Millicom to 19.6%, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, Executive Chairman & Chief Executive Officer. The most high-profile case was scandal-struck miner Eurasian Natural Resources Corporation once branded more Soviet than City by ousted director Ken Olisa. Bill had previously worked in the Private Wealth Management division . William is Chief Executive Officer and has served as Chief Executive Officer since 08/01/2001. The company employs 5 people that are either part- or full-time employees. . And how can Prax-AK be linked to Tethys new shareholder Soosaipillai? They each bought a 9% stake in shares, plus warrants to buy another 10.9%. Investment Advisor Angriest of all the investors in Tethys is its second-biggest shareholder, Olisol Petroleum, which previously worked with Tethys in Kazakhstan and co-owns a big oil terminal with the group. Share now and your friends Asset and wealth management Banking and capital markets Insurance Private Equity. [1] As of November 20, 2022, 270 episodes of Last Week Tonight with John Oliver have aired. Soosaipillai has since sold his investment in Tethys to another investor, according to regulatory filings, adding to the intrigue. All Rights Reserved. But Prax Petroleum said that Prax-AK was not set up to take oil away from the Olisol subsidiary in any way and that, as a public company, Tethys acted in accordance with the rules. Wells and his Tennessee-based firm Pope Asset Management LLC (PAM) are trying to recover US$ 15 million invested six years ago in a now-defunct pharmaceutical company, Laiyang Jiangbo Pharmaceuticals . No employees are registered as investment adviser representatives with the state securities authorities. Sign up for exclusive newsletters, comment on stories, enter competitions and attend events. Join to view . Part of the spat involves an allegation from Olisol that Tethys was breaking a deal to supply an Olisol subsidiary with oil. Plaintiff Borrelli Walsh Limited ("BW") responded on March 22, 2021. Tethys Petroleum. Use the PitchBook Platform to explore the full profile. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5. February 17, 2023. CBI websites generally use certain cookies to enable better interactions with our sites and services. Summary. You can read more about your. William Wells has an ownership stake in Pope Asset Management, LLC of more than 75%. Printer Friendly View Address: 5100 Poplar Ave Ste 3120 Memphis, TN, 38137-2001 United States . Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. HTTP://WWW.POPEASSET.COM The normal business hours are 8:00 am to 5:00 pm cst on Monday - Friday. As part of the deal, it was agreed that Wells Pope Asset Management subsidiary would have the option to swap two loans to Tethys into shares which would take Pope and its affiliates to more than 30% (the right has not yet been exercised). site you are consenting to these choices. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. You must have a subscription to view WhaleScore histories. This website is using a security service to protect itself from online attacks. The largest group of clients of Pope Asset Management is high net worth individuals with 84 clients and $131.82 million of assets under management. But, six years on, with Lilley long gone, the game is well and truly over. He had previously worked in the Private Wealth Management division of Goldman Sachs, where he was a vice-president working primarily with family groups throughout the southeastern United States. William Wells has an ownership stake in Pope Asset Management, LLC of more than 75%. Now Tethys, which maintains a listing in Canada, is facing mounting investor anger and a shareholder spat in London over an emergency fundraising drive and allegations of missing oil supplies, which some investors say lost them a fortune. Enter your password to log in. Maintained by. Wells Fargo Success Story. Pope Asset Management also advises several private funds. The London listing, it claimed, was dropped because it was unnecessarily expensive, pointing out that Tethys remains listed in Toronto under Canadian securities law. Last Week Tonight with John Oliver is an American late-night talk show created and hosted by John Oliver for HBO. The controversial US oil plan explained, Watch: Moment teenager smashes into lorry during 100mph police chase, London Bridge overcrowding: Give TfL control of Southeastern trains. But the Square Miles recent experience of companies from the former Soviet republic could serve as a salutary tale for minority shareholders considering investing in firms from exotic locales. Now, he wants to know what happened. Industrial products. Copyright 2021 Caixin Global Limited. Bill had been at Goldman Sachs since his graduation from the Amos Tuck School of Business at Dartmouth College in 1985. Bill had previously worked in the Private Wealth Management division of Goldman Sachs, where he was a vice-president working primarily with family groups throughout the southeastern United States. Pope Asset Management, registered in 2001, serves 3 state (s) with a licensed staff of 3 advisors. Amid the swirl of claim and counter-claim, Olisol is convinced the oil produced by Tethys is going to another business, called Prax-AK, instead of itself. Bill Wells is the founder and primary portfolio manager for Pope Asset Management. Whalewisdom has at least 73 13F filings, 16 13D filings, and 50 13G filings. This website is using a security service to protect itself from online attacks. Bill Wells President at Pope Asset Memphis, TN. Before the Court is Defendants Pope Asset Management, LLC ("PAM") and William P. Wells's ("Wells") Motion to Dismiss for Failure to State a Claim. Pope Asset Management is a hedge fund with 59 clients and discretionary assets under management (AUM) of $127,748,405 (Form ADV from 2022-03-14). Sole Voting Power 9532302* See Item 4 below. Bill Wells is Chairman/CEO at Tethys Petroleum Ltd. See Bill Wells's compensation, career history, education, & memberships. This docket was last retrieved on August 4, 2021. Bill Wells is the founder and primary portfolio manager for Pope Asset Management. SEC form, multiple filers or classes of filers, and much more.***. rade minister Greg Hands leads a charm offensive in Kazakhstans capital Astana today on a mission to drum up business for the City of London in the post-Brexit era. View Bill Wells' profile on LinkedIn, the world's largest professional community. to recover US$ 15 million invested six years ago in a now-defunct pharmaceutical See the complete profile on LinkedIn and discover Bill's connections and jobs at similar companies. A more recent docket listing Presently, he is Executive Chairman & Chief Executive Officer of Tethys Petroleum Ltd. and Chief Executive Officer of Pope Asset Management LLC, President for Pope Investments LLC (a subsidiary of Pope Asset Management LLC). But another example uncovered by the Standard might also give investors and Hands himself pause for thought. Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. Pope Investments II LLC I.R.S. He was with BP America for 5 years, rising to become Assistant Controller. Explore {Pope Asset Management's key management people. Pope Asset Management, LLC is in the Investment Advisory Service business. Claim this listing for free. Paul Robson, CFA Head of Client Partnership Group Canada. Camille Sassman, CPA CFO He is currently the Chief Financial Officer of Oando Energy Resources, a leading African exploration and production company. Bill Wells Vice President at Empire Truck Sales Ridgeland, MS . There are 900+ professionals named "Bill Wells", who use LinkedIn to exchange information, ideas, and opportunities. The seasoned executive team at Eagle Asset Management - leading business development, compliance, sales, marketing, operations and IT among others - runs the firm, which allows investment professionals the opportunity to do what they do best: strive to help clients meet their long-term goals. intervene. Your IP: You can email the site owner to let them know you were blocked. William Paul Wells founded Pope Asset Management LLC. View Bill Wells' profile on LinkedIn, the world's largest professional community. In 2011, Mattias bought out Plena Group in a management buy-out and has led its growth by continuing to assemble cross border transactions as well as government privatisations in predominantly emerging markets. Pope Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. 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Copyright 2023 CB Information services, Inc. ( NYSE: CIVI ) Q4 2022 Earnings Call Transcript February 23 2023. Classes of filers, and pooled investment vehicles Place of Organization Delaware of... Manager for Pope Asset Management of November 20, 2022, 270 episodes of last Week Tonight with John have! Benda Pharmaceutical, Inc. ( NYSE: CIVI ) Q4 2022 Earnings Call Transcript February,. Such as JPMorgan Asset Management, LLC for their services and products on. For thought not be considered findings of fact or liability, nor do necessarily. Cfa Head of client Partnership Group Canada Tethys for another bill wells pope asset management but also shareholders! Provides portfolio Management bill wells pope asset management individuals and small businesses and institutional clients up and the cloudflare ID. Stored on your device, permits US to improve and customize your.. Terms of service apply qualified connection ; ) responded on March 22, 2021 seeks to roll over its past. 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