High Times For Hedgie As She Avoids Jail On Pot Bust

Apr 27 2011 | 12:27pm ET

NewStream Capital's head of investor relations won't see jailtime for the veritable forest of marijuana police found growing in her house last year.

Tara Bryson, who was suspended by the Connecticut hedge fund—run by her brother, David Bryson—after her arrest was reported in September, pleaded guilty to drug possession in a deal with prosecutors. She received a one-year suspended sentence and a year of probation, according to freelance reporter Teri Buhl's blog.

Bryson pleaded guilty to a misdemeanor specifying she was in possession of less than four ounces of marijuana, despite the 203 pot plants police say they found in the Newtown, Conn., home she shared with boyfriend Michael Hearl.

Hearl himself pleaded guilty on Friday to possession with intent to sell, cultivation of marijuana and possession of a firearm silencer. He was sentenced to four years in prison—he'll serve two—and five years probation.

It is unclear what Bryson's plans are—Hearl, in an earlier interview, expressed concern that she'd be destitute if he went to jail and she lost her job. NewStream filed for Chapter 11 bankruptcy protection last month.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…