Highfields’ Grubman Arrested After Alleged Tantrum

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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note