Friday, 30 January 2015
Last updated 4 hours ago
Oct 10 2007 | 9:11am ET
Former high profile hedge fund manager has pleaded guilty to attempted kidnapping and trafficking in personal information. Conn. resident Albert Hsu entered his plea yesterday in Stamford Superior Court. He faces more than two years in prison.
In February, Hsu, a 43-year-old married father of two, was arrested after going onto the Internet, posing as his ex-girlfriend and describing a fantasy of being abducted and raped. He even went into such detail as to list the woman’s address and where she stood on the train platform for her daily commute.
In addition to time in the clink, the former co-founder and managing director of fund of hedge funds Anchor Point Capital will also have to register as a sex offender and has been placed on probation for 12 years.
The former Cub Scout leader will be sentenced on Dec. 10.
Before co-founding Anchor Point in 2005 with Tim Crowe, Hsu served as the U.S. investment officer for the The Atlantic Philanthropies, a $3.8 billion, limited life foundation which he joined in late 2001. At Atlantic, Hsu was responsible for the U.S. based hedge fund investments which represented half of its $1.8 billion multi-strategy hedge fund portfolio in over 40 funds. Prior to that, Hsu was the director of investments for the Ludwig Institute for Cancer Research, a $1 billion foundation which he joined in early 2001.
From 1997 to 2001, Hsu was with the Xerox pension fund managing half of the plan’s $10 billion in assets. Before that, he co-managed Commonfund’s Absolute Return Fund and Hedge Fund.
Hsu, who used to be a frequent speaker at hedge fund industry conferences, also served as chairman of the New Canaan Red Cross and is a former board member of the Vanderbilt YMCA. He has also reportedly been a Cub Scout leader.
Hsu not only posted his mistress' information on a web site, it seems he was a fan of trolling for women himself on the site Collarme.com (see snapshot).
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…