Saturday, 27 December 2014
Last updated 2 days ago
Apr 5 2010 | 1:03pm ET
A Boston hedge fund manager has been barred from that city’s toniest hotel for allegedly throwing his car keys at a valet.
Highfields Capital Management’s Richard Grubman was ordered to stay away from the Ritz-Carlton Hotel and Towers on Boston Common. The hedge fund manager, who lives across the Charles River in Cambridge, Mass., pleaded not guilty last week to assault charges.
Grubman alleged had a melt-down in front of the hotel last Tuesday as he arrived for dinner at the Blu restaurant at the Ritz. He was asked by a valet for the hotel’s residences, Joseph Lubin, to move his BMW from a residential-only parking area.
In response, Grubman allegedly rolled down his window and threw the BMW’s keys at the valet’s face, “striking him in the upper lip area,” according to the police report, after showering the man with obscenities. Lubin was taken to a nearby hospital; his stepson told a Boston television station that Lubin is experiencing eye pain and headaches since the event, as well as tooth damage.
While he was being arrested, Grubman denied throwing the keys at the valet, but did begin “to yell and scream, stating he was being abused,” the police report said. He was released on personal recognizance and is due back in court on April 30.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.