Pequot Capital Company Description
Hedge fund Pequot Capital managed approximately $3 billion of assets on behalf of institutional investors and wealthy individuals. However, an outflow of assets stemming in part from an SEC investigation into allegations of insider trading that dogged the firm since 2006 compelled it to shut down in 2009. Pequot Capital was founded in 1986 by Art Samberg and Dan Benton; the partners amicably split in 2001. Samberg stayed on to run Pequot, while Benton left to form Andor Capital Management. Information technology investments had been spectacular for Pequot, but Benton took their approximately $7.5 billion in assets with him when he left. Andor closed its doors and returned funds to investors in 2008.
View the Comprehensive Company Description for Pequot Capital
The Company Description provides a historical perspective of Pequot Capital's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Pequot Capital's evolution in the marketplace.
