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

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Former HF Assistant Avoids Jail for Embezzlement

Mar 21, 2013
Jing Chen

A former personal assistant of hedge fund manager Todd Meister avoided jail after admitting that she stole nearly $1 million while working for him.

The Daily Mail reported that Renata Shamrakova, who had maintained her innocence since her February 2012 arrest, came clean during her court appearance Monday to avoid a 15-year prison term. She admitted to taking out two American Express card under Meister’s name and spent it while traveling abroad.

The article also said that Shamrakova promised to pay back $821,000 to Meister within the next two years or risk imprisonment.

Meister is a managing partner at Priderock Management and a co-managing member of Radius Investments.

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