Hsu Says Sorry

Oct 12 2007 | 5:36am ET

The former hedge fund manager who this week pleaded guilty to attempted kidnapping for seeking to have his ex-mistress abducted and raped is saying sorry.

In an interview with the Stamford Advoacte after his plea, Albert Hsu apologized to his victim. “I am very sorry for the pain I caused her and her family.”

While accepting responsibility for his actions—”What I did was wrong,” he said. “I never denied what I did.”—he said the media had “oversensationalized” the case. He also said he has a severe form of bipolar disorder that was underdiagnosed three years ago.

Hsu will be sentenced to two-and-a-half-years in prison. He acknowledged posting an advertisement on a sadomasochism Web site, posing as his ex-mistress, seeking “a real-life abduction and rape scene.” He included personal information about the woman, including her license plate number and where she preferred to stand at the commuter rail  station while waiting for the train to New York.

He told the Advocate that he hopes to return to investing after his release from prison. He also said he hopes to repair his relationship with his two teenage children, who he has seen weekly since his stint in rehabilitation.

“We are trying to move on,” he said. “It’s going to take a lot more work.”

Hsu’s wife, Kendra, has filed for divorce, and was rewarded $1 million as part of a pending settlement.


In Depth

Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note