Wednesday, 22 October 2014
Last updated 16 hours ago
Mar 7 2012 | 2:04pm ET
A New York City woman accused of running a brothel boasted a client list full of "hedge funders" and other millionaires and billionaires.
Anna Gristina spent 15 years as a madam on the Upper Easy Side, prosecutors allege, catering only to those with at least $1 million in the bank. Some had much more, according to the New York Post, which reports that her clients included "two billionaires."
Gristina was ordered held on $2 million bail yesterday after prosecutors said that a co-conspirator remained on the lam. They allege that she ran her prostitution business from her suburban Monroe, N.Y., home to stay close to her four children.
"She hated coming to the city," a source told the Post.
It is unclear whether prosecutors have any hedge-fund linked client names, or whether they'll emerge publicly. Gristina's lawyer said yesterday that, "as far as I'm concerned," his client's black-book "doesn't exist," and that he hasn't asked Gristina about it.
Gristina, a Scottish native, was known as "Anna Scotland" in the business and originally operated from an office near Herald Square. In 2008, after New York Gov. Eliot Spitzer resigned amidst a prostitution scandal, Gristina launched a legitimate online dating service—but continue to arrange less-legal hookups, as well.
She may have had some high-powered financial help for the online service: Morgan Stanley is searching its visitor records to see which of its employees Gristina met with before her arrest last month.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...