Saturday, 28 March 2015
Last updated 1 day ago
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.
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…