What goes around comes around. Snow Park Capital’s Jeffery Pierce is finding out what its like to walk in the shoes of a one-time adversary. Pierce is now the subject of a $2 million sexual discrimination lawsuit brought by a former employee. The situation Pierce finds himself in is similar to that of Bruce Schanzer, CEO of Cedar Realty Trust, one of Pierce’s activist targets. [feed url=”https://hedgefundalpha.com/category/premium-featured-stories/feed/” number=”3″] While there are no known linkages between the two lawsuits, one-time rivals Pierce and Schanzer both find themselves in similarly sticky situations. Pierce is accused of repeatedly groping, leering at and pressuring…
Tables Turned: Snow Park’s Pierce At Center of Sexual Harassment Suit
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.