Disgraced Hedge Fund Manager Seeks More Family Time Before Jail

Date: Friday, December 21, 2007
Author: FINalternatives.com

A judge is expected to decide today whether disgraced former hedge fund manager Albert Hsu can go home for the holidays.

Hsu, who pleaded guilty in October to plotting to have his former mistress kidnapped and raped, has asked for permission to spend Christmas with his wife Kendra, who has filed for divorce, and his two children. The judge is also expected to rule on a proposed visit with his family the day before he is to report to prison to begin serving a two-and-a-half-year sentence.

The founder of hedge fund Anchor Point Capital was originally due to enter prison on Dec. 10, but his reporting date has been delayed until Jan. 7, prompting the visit requests. Under the terms of his bail, Hsu is receiving treatment for his bipolar disorder and is barred from entering his former hometown of New Canaan, Conn. He is staying with his parents in Queens, N.Y.

Hsu’s victim is opposing his request for the visits.

At his plea, Hsu acknowledged posting an advertisement on a sadomasochism Web site, posing as his ex-mistress, seeking “a real-life abduction and rape scene.” He included personal information about the woman, including her license plate number and where she preferred to stand at the commuter rail station while waiting for the train to New York.