Albert W. Hsus felony case was continued to March 23 and will be moved to Stamford, Conn., said Cindy Dillon, deputy clerk. The decision was made today at a hearing in Connecticut Superior Court in Norwalk.
Mr. Hsu is charged with three felony and two misdemeanor offenses in connection with an alleged attempt, made via the Internet, to have a former mistress kidnapped and sexually assaulted. Mr. Hsu did not post bond and was returned to the Bridgeport (Conn.) Correctional Center, according to the jails telephone information line.
Separately, Mr. Hsu is no longer managing director and CIO of Anchor Point Capital, the hedge fund-of-funds manager he co-founded in 2005, according to a client letter dated March 7 by Timothy J. Crowe, managing director, CEO and co-founder. Mr. Crowe did not return calls regarding Mr. Hsus replacement as CIO and Anchor Points future plans.
In the client letter, which was provided to Pensions & Investments today, Mr. Crowe said Anchor Point employees were shocked and deeply saddened by the recent legal problems that have befallen Albert Hsu. Mr. Crowe said in the letter that he has not had contact with Mr. Hsu or his attorney, Robert S. Bello. The letter said Anchor Point clients as well as consultants and friends have all been contacted and to a person, each has been very supportive and encouraged us to persevere through this challenging period. We intend to do so.