Former Vikings Owner Fails To Pay Hedge Fund Manager

Dec 17 2007 | 8:26am ET

James Jundt refuses to give a former hedge fund manager in his employ what a court says he should. So the court has decided to take away his business.

A Minnesota judge turned over Jundt Associates, which manages investments for corporate pension plans, to a third-party after Jundt and his son, Marcus, failed to pay Paul Bottum the $2.3 million in unpaid bonuses and interest the court ruled it owed.

Bottum said he was promised a $1 million annual bonus for beating the Standard & Poor’s 500 Index while working at Jundt’s former hedge fund, Southway Partners. He did so twice, but said he only received $175,000.

In October, Jundt—the former owner of the National Football League’s Minnesota Vikings—said in a Securities and Exchange Commission filing that Jundt Associates managed almost $120 million. Jundt has also put his Lake Minnetonka mansion on the block for more than $50 million.


Hedge Fund Manager to Get Paid, Thanks to Judge

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...


FINalternatives Trending

From the current issue of