Ex-Employee And His Father Sue Paul Touradji

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.