Disgraced Hedge Fund Manager Seeks More Family Time Before Jail

Dec 21 2007 | 11:17am ET

A judge is expected to decide today whether disgraced former hedge fund manager Albert Hsu can go home for the holidays.

Hsu, who pleaded guilty in October to plotting to have his former mistress kidnapped and raped, has asked for permission to spend Christmas with his wife Kendra, who has filed for divorce, and his two children. The judge is also expected to rule on a proposed visit with his family the day before he is to report to prison to begin serving a two-and-a-half-year sentence.

The founder of hedge fund Anchor Point Capital was originally due to enter prison on Dec. 10, but his reporting date has been delayed until Jan. 7, prompting the visit requests. Under the terms of his bail, Hsu is receiving treatment for his bipolar disorder and is barred from entering his former hometown of New Canaan, Conn. He is staying with his parents in Queens, N.Y.

Hsu’s victim is opposing his request for the visits.

At his plea, Hsu 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.

RELATED STORIES:

 


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.