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.

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