Terry Smith’s Breakup Fuels Spat Over $1 Million in Mauritius
The fund manager, popular with retail investors, is in a long-running dispute with his former partner
Terry Smith is among the most prominent figures in Mauritius in financial services.
Photographer: Gagliardi Giovanni/REDA&CO/Universal Images Group/Getty Images
It’s the kind of acrimonious breakup that's hardly unusual. He says she took money out of a joint bank account and pilfered household items including a Nespresso machine. She says he's retaliating after the relationship went sour, and that $1 million of her money is locked out of her reach.
What sets it apart is the characters involved: Terry Smith, a UK money manager beloved by retail investors and his former partner Teresa de Freitas, who invested in his funds when the two were still a couple.