James Sinclair Welch, 19, son of hedge fund Welch Capital Partners LLC founder Leighton Welch of Bronxville, was arrested about 11:50 p.m. on Aug. 2 by the Montana Highway Patrol, according to state court documents. The victim, Parker Regan, 19, of Mendham, New Jersey, was a son of R. Christopher Regan, co-founder of the Chartis Group, a health-care consultancy.
A New York teenager out for a late- night drive in an all-terrain vehicle was charged with negligent vehicular homicide under the influence of alcohol after a crash that killed his passenger and prep-school roommate at the luxury Yellowstone Club resort in Montana.
The accident occurred at the Yellowstone Club, a private ski and golf resort near Big Sky, Montana. Members include Microsoft Corp. co-founder Bill Gates, Tour de France cycling champion Greg LeMond and Cliff Asness, co-founder of the hedge fund AQR Capital Management LLC in Greenwich, Connecticut.
James Welch was driving a 2012 Polaris Ranger Crew, a four-wheel- drive vehicle, and told police he was making a left turn on Andesite Ridge Road when Regan “fell out,” according to an affidavit by Trooper Joshua Brown and a citation he issued. On April 17, Welch was convicted of driving under the influence of alcohol in a separate incident, according to the affidavit. It didn’t say where that conviction occurred.
James Welch was held in jail until about 5 p.m. yesterday, when he appeared in Gallatin County Justice Court in Bozeman, Montana, posted $50,000 bail, and was released, according to Officer Wylie Herrera at the Gallatin County Detention Center. Welch’s attorney, William Bartlett of Angel, Coil & Bartlett in Bozeman, didn’t return telephone calls seeking comment. Leighton Welch, reached in Montana, declined to comment.
Christopher Regan said his son and James Welch were roommates at Suffield Academy, a boarding school in Suffield, Connecticut. He said his son was vacationing with the Welch family in Montana.
Welch Capital, with offices on Park Avenue in New York, had $350 million in assets at the end of December, according to a filing with the U.S. Securities and Exchange Commission.
“Our thoughts and prayers are with the families involved, and the club is cooperating fully with local authorities,” said Greg Hitt, a spokesman for the Yellowstone Club.
Read More: BW