Tuesday, 2 September 2014
Last updated 11 hours ago
Dec 17 2007 | 7:26am 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...