Friday, 26 December 2014
Last updated 2 days ago
Aug 13 2010 | 11:10am ET
Four months after a public temper-tantrum that ended with an assault charge, Highfields Capital Management founder Richard Grubman is retiring from the hedge fund.
Grubman’s departure was announced at an internal meeting at the Boston-based firm, as well as in a letter to investors. Grubman said he would turn his attention to personal pursuits.
The now-retired Grubman certainly has other things on his mind. In addition to the now-infamous incident where he allegedly threw his car keys at a valet at Boston’s Ritz-Carlton Hotel and Towers, earning him an assault with a deadly weapon charge, Grubman’s wife, Caroline, has been battling breast cancer since last year.
Grubman allegedly had a meltdown after the valet asked him to move his BMW from a residential-only parking area. He was arrested, but his lawyer earlier this month expressed confidence that a deal would be struck with prosecutors. If convicted, Grubman faces up to 10 years in prison.
Jon Jacobson, who co-founded Highfields with Grubman a dozen years ago, will remain at the firm’s helm.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.