Tuesday, 31 March 2015
Last updated 55 min ago
Mar 19 2009 | 2:47am ET
A British hedge fund manager has been sentenced to more than two years in prison for smashing a beer bottle in the face of a fellow hedge fund manager.
Colin Sharpe admitted that he had attacked Joe Delvaux of Insparo Asset Management at a London charity event in July after Delvaux had confronted Sharpe, who was hitting on Delvaux’s wife. After Delvaux pushed Sharpe away, an alcohol-impaired Sharpe smashed a Budweiser bottle against Delvaux’s temple with a “back-handed tennis stroke,” opening a one-and-a-half-inch gash and narrowly missing his victim’s eye.
Sharpe, a former Goldman Sachs employee, was immediately fired from his new job at hedge fund Oxburgh Partners after his arrest at the Credit Suisse party. In a London court yesterday, he pleaded guilty to one count of wounding with intent to cause grievous bodily harm.
Judge Mark Ellison sentenced Sharpe to two years and two months in prison.
“This was a deliberate drink-fuelled outburst of serious violence,” Ellison said. “There was no justification for what you did.”
Delvaux, who required six stitches and has been left with a “boomerang-shaped” scar, said the attack led him to cancel “many business meetings as I didn’t feel confident and presentable,” according to a statement read to the court. He said it affected his work to such a degree that he feared he might lose his job.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…