Wednesday, 23 July 2014
Last updated 30 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.
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…