Ex-hedge fund manager Israel pleads guilty to bail jumping

Former hedge fund executive Samuel Israel III pleaded guilty to a charge of bail jumping Monday, after he briefly disappeared last year shortly before he was set to begin serving a 20-year prison term.

At a hearing Monday, Israel, the former chief executive of Bayou Management, entered his plea to a single count of failing to surrender before US District Judge Kenneth Karas in White Plains, NY.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire