pequot capital
May 27th, 2009
Pequot Capital Management, the $3 billion hedge fund run by the renowned investor Arthur J. Samberg, has decided to close its doors amid an investigation into possible insider trading in Microsoft shares that started in 2001. NEW YORK (Reuters) — Prominent hedge fund firm Pequot Capital told investors Wednesday it will shut down amid an ongoing government probe into possible insider trading. "Public disclosures about the continuing investigation have cast a Pequot Capital will liquidate its core funds and return cash to investors as it winds down business over the next few months, according to a letter from the hedge fund's CEO and Chairman Arthur Samberg.