Thursday, 24 July 2014
Last updated 1 hour ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…