Thursday, 28 August 2014
Last updated 12 hours 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.
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…
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 ...