Mystery surrounds hedge fund manager's death

Discussion in 'Wall St. News' started by makloda, Dec 4, 2007.

  1. A Lurid Aftermath to a Hedge Fund Manager’s Fast Life

    JUPITER, Fla. — A life of private jets and black-tie balls ended with Seth Tobias, a wealthy investment manager and a familiar presence on CNBC, floating face down in the swimming pool of his mansion here.

    It was just after midnight on Sept. 4 when Mr. Tobias’s wife, Filomena, frantically called 911. “Please send somebody, please!” Mrs. Tobias screamed. “He’s not breathing!” By the time the police arrived, she had pulled her husband’s body to the edge of the pool, where she cradled his head in her arms, sobbing.

    Mr. Tobias, who was 44 years old, had apparently suffered a heart attack, his brother Spence said at the time. The police did not consider his death suspicious.

    But now an unfolding drama over Mr. Tobias’s estate is providing a lurid account of fast money and faster living in the volatile world of hedge funds. Mr. Tobias’s four brothers and Mrs. Tobias are locked in a legal battle over the estate, which is worth at least $25 million. And, in a civil complaint, they have gone so far as to accuse her of murder.