The risk checklist for hedge fund investors keeps growing:
Fabricated performance – check
Manager runs off with fund capital – check
Leveraged bets blow up because something that normally doesn’t happen in the market does – check
Market neutral strategy turns out to be market spiral – check
Buy on weakness philosophy turns out to be double down – check
Manager turns out to be a complete nut – gulp!
According to regulators, a successful hedge fund manager tried to draw a slightly more disturbed individual out of the internet woodwork to attack his ex-girlfriend.
A wealthy New Canaan hedge fund manager posed as his former mistress and posted an Internet ad seeking someone to rape and abduct her, authorities said.
Albert Hsu, 43, who was arrested Friday, pretended he was the woman in an Internet ad that indicated she was a willing participant in a sexual fantasy, prosecutors said Monday.
The ad included the woman’s photograph, her home and work address, license plate number, which train she takes to work and which car she usually sits in, authorities said."
Over the Hedge
The risk checklist for hedge fund investors keeps growing:
According to regulators, a successful hedge fund manager tried to draw a slightly more disturbed individual out of the internet woodwork to attack his ex-girlfriend.
A wealthy New Canaan hedge fund manager posed as his former mistress and posted an Internet ad seeking someone to rape and abduct her, authorities said.
Albert Hsu, 43, who was arrested Friday, pretended he was the woman in an Internet ad that indicated she was a willing participant in a sexual fantasy, prosecutors said Monday.
The ad included the woman’s photograph, her home and work address, license plate number, which train she takes to work and which car she usually sits in, authorities said."
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