A hedge fund manager claims he was kidnapped and assaulted for eight hours by former Miss Korea 1995 and her family, the AllKpop site reported.The hedge-fund manager, Chris Hsu, the CEO and founder of Hong Kong-based Kilometre Capital, is suing Han Sung-Ju, a former beauty queen who is now a television personality, the report said.
The hedge funder filed a lawsuit against Sung-Ju on December 20th alleging that he was locked in a room by the former beauty queen’s brother, mother, and two other men where he was assaulted for eight hours.
His attorney said in a statement that Hsu would be requesting an additional $500,000 USD “to compensate for the pain and mental trauma he endured.”
In his suit, Hsu also alleges that his ex-girlfriend used his credit cards to buy an Hermes watch and an expensive handbag among other luxury items racking up a 340 million won bill, HAPS magazine reported.
Sung-Ju’s lawyers denied Hsu’s allegations of assault. She’s also suing two media outlets for 600 million won for defamation of character, AllKPop reported.
Sung-Ju, has been divorced since 1999 after 10 months of marriage to one of the sons of AeKyung cosmetics and detergent conglomerate chairwoman, Chang Young-shin.
As for Hsu, last month he decided to return Kilometre’s investors’ money because of “health reasons,” Bloomberg News reported, citing an unnamed source.
Kilometre, which was backed by Paloma Partners, started trading in May 2010 and had 47 per cent returns that year. In 2011, the fund lost 7 per cent in the first five months of the year, the Bloomberg report said.
Hsu was considered a hot-shot hedge fund manager in Asia.
Prior to starting up Kilometre, Hsu was the CEO and managing partner of special situations hedge fund Abax Global Capital until he stepped down in 2008 “following differences of opinion on its direction,” according to a Reuters report. During his tenure at Abax, he was named a Top Trader Under 30 by Trader Monthly in September 2008.
Before that, he worked as a managing director for Citadel’s Hong Kong office.
Hsu graduated from Stanford University with a bachelor’s in management science engineering and a Stanford President’s Award, according to his Kilometre bio.
A request for comment from Hsu was not immediately returned.