Dealbreaker faithful, an exciting opportunity is upon us. Does everyone remember money manager Albert Hsu? To refresh, the co-founder of fund of funds Anchor Point Capital went away in 2007 after it was revealed that he went on to a site called CollarMe.com and posing as his ex-mistress, placed an ad seeking an undesired (on her part) “real-life abduction and rape scene,” after she told them they should see other people. Just before he began serving his two and half year sentence, Hsu told the Stamford Advocate that he hoped to return to investing after being released from prison. At the time, we ran a poll asking if, given a chance to put money with a recently paroled sex offender, you would sign up. Now that the opportunity has presented itself, I’d like to revisit that question.
For the purposes of due diligence, a few more details about Hsu:
* His new venture is called Tao Investments and was founded in May (he’s also got a consulting biz on the side, catering to “clients i need of professional investment management experience”)
* The equity options strategy is up 15% year-to-date
* He gets that there are some trust issues to work through, telling FINalternatives that on account of the whole attempting to have his lady friend raped and murdered thing, he faces “some credibility issues”
On October 12, 2007, 66.4% of you said you would not allow Hsu to manage your money upon his release from the big house; 24.6% of you said you would; and 9.0% said maybe. I’d like to see if standards have changed since then. So! Would you give Hsu a chance?