Conn. Hedge Fund Manager Arrested, Charged With Attempted Kidnapping, Sexual Assault

Mar 4 2007 | 1:36pm ET

Albert W. HsuHigh profile hedge fund manager Albert Hsu was arrested in his home in Connecticut on Friday and has been charged with myriad “Internet” crimes, including attempted kidnapping and sexual assault.

Hsu, co-founder and managing director of fund of hedge funds Anchor Point Capital, is being held on $750,000 bond and is due to be arraigned in Superior Court in Norwalk on Monday. Charges against the 43-year-old fund manager, who New Canaan police confirmed was still in custody today, include trafficking in personal identifying information, first-degree attempted kidnapping, third-degree sexual assault, first-degree reckless endangerment, criminal impersonation and second-degree harassment.

Following Hsu’s arrest, his home in upscale New Canaan was searched by police, but the department declined to elaborate on what, if anything, was found. The Superior Court has sealed all documents related to the case.

A call to Hsu’s office was greeted with an answering machine message in Hsu’s own voice saying, “from February 26 to March 2 I will be traveling in Australia on business.”

Before co-founding Anchor Point in 2005 with Tim Crowe, Hsu served as the U.S. investment officer for the The Atlantic Philanthropies, a $3.8 billion, limited life foundation which he joined in late 2001. At Atlantic, Hsu was responsible for the U.S. based hedge fund investments which represented half of its $1.8 billion multi-strategy hedge fund portfolio in over 40 funds. Prior to that, Hsu was the director of investments for the Ludwig Institute for Cancer Research, a $1 billion foundation which he joined in early 2001.

From 1997 to 2001, Hsu was with the Xerox pension fund managing half of the plan’s $10 billion in assets. Before that, he co-managed Commonfund’s Absolute Return Fund and Hedge Fund.

Hsu, who often speaks at hedge fund industry conferences, serves as chairman of the New Canaan Red Cross and is a former board member of the Vanderbilt YMCA. He has also reportedly been a Cub Scout leader.


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