Monday, 30 March 2015
Last updated 34 min 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…