Hedge Funds People Moves

Highfields co-founder Richard Grubman to retire

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It’s for family reasons, not "Keygate."

Richard Grubman, famous on Wall Street for having been cursed out by Jeffrey Skilling on an earnings call, and lately infamous for allegedly throwing his car keys in the face of a valet, is retiring from Highfields Capital Management, the firm he co-founded in 1998.

His departure is motivated by a desire to spend more time with his wife, who has been diagnosed with breast cancer, according to a source familiar with Grubman’s plans, and has nothing to do with “Keygate,” as the valet incident has been dubbed.

A senior managing