Viceroy_Research
Viceroy Research
Investigative financial research group
Viceroy Research LLC is an international investigative financial research group registered in Delaware, United States. It was founded by a British short seller Fraser John Perring together with Australian partners Aiden Lau and Gabriel Bernarde in 2016. Perring and Viceroy have stirred considerable media interest because of their reports on firms like Wirecard. Of late, Viceroy has been known to bet against companies like Tesla, or Grenke.[1][2][3][4][5]
This article needs additional citations for verification. (November 2023) |
In 2021, the South African Financial Sector Conduct Authority (FSCA) has fined Viceroy R50 million for damaging remarks that the short-selling firm made about South Africa's Capitec Bank.[6]
In October 2021, it issued a damning report against Adler Real Estate for inflated valuations and undisclosed related party deals.[7] KPMG probed the allegations and cleared the company of systemic fraud, but was unable to refute all the claims. In May 2022, KPMG quit its contract. Adler eventually was unable to repay its debt. In April 2023, it won approval in court, against the opposition of some bondholders, to suspend coupon payments and extend maturities of bonds due in 2024.[8][9]
In July 2023, Fraser John Perring reacted angrily to suggestions by an unknown tabloid newspaper that his support for "gay/queer charity" was "because I am secretly gay." Fraser threatened to "fucking destroy" anyone who repeated these allegations.[10]