Posted by The “next chapter” of former GOP Rep. Vito Fossella’s life is unfolding at a financial firm in Midtown Manhattan that offers hedge fund-style investments to ordinary Joes, the Advance has learned.
The company is run by a high-flying, globetrotting college dropout and former Austrian policeman who hobnobs with celebrities like former Soviet President Mikhail Gorbachev and “Desperate Housewives” star Teri Hatcher.
Fossella over the weekend served the first two days of a four-day jail stint stemming from his drunken-driving conviction in Virginia. He is set to return to jail in the commonwealth this weekend to finish his sentence.
Fossella’s new company, Superfund Investment Group, has offices in 16 countries around the world, and manages $1.6 billion in assets for 50,000 customers.
Not much is known about what Fossella does for Superfund, but sources told the Advance he has been seen on Capitol Hill in recent weeks, leading to speculation that he could be putting his political contacts to work on behalf of the firm.
