Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact

News Archive

Read More Industry News >

Former HF CEO Sentenced for Embezzlement

Mar 17, 2013
Jing Chen

The former CEO of a Connecticut-based hedge fund firm was sentenced Thursday to 41 months in jail for embezzlement.

Connecticut news outlet Westport News reported that Darrin Foster, who prosecutors said embezzled more than $1 million from the firm, also faces three of years of supervised release.  

The article said that Foster had access to the firm’s bank accounts for business-related expenses but allegedly made personal charges from 2004 to 2010.

Arrested in May last year, Foster pleaded guilty to one count of wire fraud on October 16.

Read More Industry News >

eVestment’s 2016 Hedge Fund Industry Outlook

Request Your Copy