Money / hedge fund Hedge Fund Fraud Missing; Suicide Possible Car on NY bridge belonged to exec due yesterday in prison By Kevin Spak, Newser Staff Posted Jun 10, 2008 2:23 PM CDT Copied In this April 14, 2008 file photo, Bayou Group hedge-fund founder Samuel Israel III, right, arrives at the U.S Courthouse in New York. (AP Photo/Craig Ruttle, File) Police aren't ruling out suicide as a New York hedge-fund manager due to begin serving a 20-year prison term yesterday remains missing, the Wall Street Journal reports. Police found Samuel Israel's car parked near a bridge over the Hudson, with “Suicide is painless” written in dust on the hood. Israel was convicted of bilking Bayou Group investors out of $400 million. “We can't say conclusively at this point that he jumped off the bridge,” said one investigator. (More hedge fund stories.) Report an error