Lawsuit Alleges New Level Of Hedge Fund Services

Mar 16 2009 | 12:25pm ET

Service providers are very attentive to the needs of their hedge fund clients, but one may have gone a step or two too far.

Christopher Ruppmann alleges in a lawsuit that his boss at recruiting firm Broadreach Group recommended that he have sex with a client, namely one Kate Mackenzie, a former Olympic rower who works for hedge Fund Two Sigma Investments.

The lawsuit, filed in Manhattan federal court, says the suggestion was given to the 27-year-old Ruppmann by Broadreach founder Brian Grover after just a year on the job. Ruppmann had already been promoted to vice president after just six months with the company.

Grover denies the allegations.

“That is the most outrageous lie I can possibly imagine,” he told the New York Post.

Mackenzie, a corporate recruiter for Two Sigma, did not return calls from the tabloid for comment.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note