Wednesday, 22 October 2014
Last updated 1 hour ago
Feb 2 2009 | 1:54am ET
The family flap over the novel Hedge Fund Wives has come to an end.
Natasha Boncompagni has settled a lawsuit filed against her by her sister and author Tatiana Hoover, admitting that she did not co-write the book, about four wealthy Wall Street wives. Hoover filed suit against her sister last year, alleging that Boncompagni secretly copied parts of the novel by hacking into her laptop on a family vacation to Milkwaukee and copywriting them to claim co-authorship. Hoover acknowledged that her sister, a former employee of hedge fund Fairfield Greenwich Group, provided input, but said she never sought credit as a co-author until after the novel was completed.
As part of an out-of-court settlement, Hoover has agreed to cut her sister a portion of the profits, but only if the novel—whose release date has been moved to May in an effort to capitalize on the current interest in hedge funds—sells more than 20,000 copies by October 2010, the New York Daily News reports.
“The defendant has announced to the court that she is not a co-author of Hedge Fund Wives and has no authorship or co-authorship rights to the work,” U.S. District Judge Laura Taylor Swain wrote.
For her part, Boncompagni told the News that she only agreed to the settlement because her sister’s father-in-law, Fred Kolber, is a principal at her old firm, Fairfield Greenwich, which lost more than half of its assets in the Bernard Madoff scandal.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...