Former Jefferies ‘Gift-Giver’ Plans Hedge Fund

Mar 19 2007 | 12:39pm ET

Kevin Quinn may have been banned from the broker-dealer and mutual fund industries for his questionable entertainment practices as a salesman for Jefferies Group, but that isn't keeping him out the hedge fund business.

Quinn is clearly hoping that his sordid history won’t scare investors away from Boston-based Cottage Capital, his new hedge fund. Cottage will provide secured loans to smaller companies, according to Hedge Fund Alert. Quinn will reportedly limit himself to the business side of the fund, which is expected to launch with $50 million. The fund's launch date was not disclosed.  

Quinn was behind the infamous 2003 Miami Beach bachelor party for Fidelity Investments trader Thomas Bruderman—the guy who was marrying the daughter of then-Tyco CEO and current resident of the New York State correctional facility in Marcy, N.Y., Dennis Kozlowski.

That party, which started with a private jet flight from Boston and ended on a yacht with both strippers and midgets, cost Jeffries $75,000 at the time and, along with Quinn’s less-spectacular entertainment, $9.7 million in disgorged profits. Quinn himself was hit with a $468,000 fine.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR