A new layer in yesterday’s hedge fundagogo case has been peeled and none too soon—not so much news coming from the street today worth a ride in the Dealbreaker machine, it would seem. Anyway, to recap: Albert Hsu, co-founder and managing director of fund of hedge funds Anchor Point Capital was being held on $750,000 bail and was to be arraigned late yesterday for “myriad Internet crimes.” We insinuated that these unnamed misdeeds likely involved a contraband MySpace account and kids from the neighborhood, who’d he conveniently met earlier this year (Hsu is reportedly a Cub Scout Leader). Turns out we were wrong, which chafes, but only in a superficial, epidermis way, not in regard to our pride (that, you might’ve noticed, is infallible). Anyway, Hsu. Apparently, his “internet” crimes had more to do with the fact that he’d posted an ad on an undisclosed website looking for someone to “rape and abduct his former mistress” (smells like Craigslist). According to Special Deputy Assistant State’s Attorney Ricki Goldstein, “The defendant set the victim up to be abducted and raped by a complete stranger,” which is worse than having it done by someone you know. In what perhaps could be the silver lining to this heinous crime, Hsu apparently has a sense of humor: brother told potential respondents not to contact the mistress prior to the abduction, etc, because “it would ruin the fantasy.” Makes Tom Hudson’s requiring his interns to work seven days/week and water his plants when necessary not seem so bad, eh?

Hedge fund manager allegedly tried to have mistress attacked [Stanford Advocate]