Sunday, 21 December 2014
Last updated 7 hours ago
Jun 19 2008 | 5:46pm ET
The widow of Circle T Partners founder Seth Tobias will keep the lion’s share of his estate after settling an ugly probate battle with his family.
Tobias’ family will split roughly $3.2 million of Tobias’ estate, with was estimated as being worth between $35 million and $40 million, under a deal approved by a Florida judge today. His brothers, Sam and Spence, who initiated the effort to disinherit Tobias’ widow, Filomena, whom they accused of killing their brother, will also get his investment business, New York-based Tobias Brothers. The firm is thought to be worth very little, and the family will have to pay their attorney from their share of the estate.
By contrast, Filomena Tobias gets the rest of her late husband’s liquid assets, as well as their real estate holdings in Florida. She will also become personal representative of the estate.
As promised, the two sides issued a joint press release. It read, in its entirety, “The parties have amicably resolved their difference and the allegations of the Petition will be withdrawn on probate court approval of this agreement.”
Tobias was found dead in his Jupiter, Fla., pool in September with alcohol and drugs in his system. As lurid details about the hedge fund honcho’s private life emerged, a former personal assistant to Tobias and his wife, William Ash, claimed that Filomena Tobias had murdered her husband and confessed to him her crime.
But police were unimpressed by Ash’s story—and inability to get Filomena Tobias to repeat her confession on tape—and in February announced that no charges would be filed against her.
Tobias Brothers Retract Reported Retraction
Tobias Brothers Drop Murder Claim In Settlement
Hedge Fund Manager’s Widow Settles With His Family
No Charges In Tobias Death
Hedge Fund Manager's Widow Escapes Charges
Tobias Had Cocaine, Sleeping Pills In System
Tobias Aide Passes Lie Test
Attorney To Assure Tobias Case Gets Top Billing
Assistant Claims Wife Killed Circle T Partners Founder
Hedge Fund Honcho Found Dead In Swimming Pool
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.