Thursday, 2 October 2014
Last updated 1 min ago
Dec 11 2008 | 4:44am ET
For the Beaches, suing hedge fund honcho Paul Touradji is a family affar.
Gentry Beach this week accused Touradji Capital Management, Touradji’s New York-based commodities hedge fund shop, of withholding four years’ worth of bonuses. Two months ago, Gentry Beach’s father, Gary, sued Paul Touradji and his DeepRock Venture Partners for allegedly defrauding his investment firm.
Gentry Beach’s complaint, filed in New York State court in Manhattan, accuses Touradji of “extreme and outrageous” behavior. Among the allegations are threats to “kill the plaintiff, harm his family, ruin his marriage and destroyed his career in the hedge fund industry.” Beach, who joined Touradji as a money manager in 2005 and resigned in September, is seeking $23 million.
Meanwhile, in Texas, Gary Beach says Touradji “threatened and slandered” the managers of a joint venture between Beach Capital Partners and DeepRock, Playa Oil & Gas. The alleged fraud cost Beach Capital $8.2 million, according to the complaint.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...