Florida Money Manager Art Nadel Reported Missing

Florida money manager Art Nadel, who works for Sarasota-based Valhalla Management is missing, CNBC has learned.

Nadel's wife, Peg, confirmed he is missing but would not say for how long. She called it a "sad situation" and said she is cooperating with the police who were in her home at the time CNBC spoke with her.

  • Video: Florida fund manager Art Nadel reported missing

Separately, the Sarasota police confirm to CNBC they are in the early stages of a large-scale probe of a theft of invested assets. The police would not say if Mr. Nadel is a suspect in the theft or provide any other details about their investigation.