Pequot Capital & Arthur Samberg
One thing has been made very clear over the past 18 months, in the United States if you are accused, publicly suspected or charged with insider trading or fraud you are done. On the one hand this may serve well in scaring off some bad apples who may otherwise operate within more gray waters but it also hurts business in the fund management industry and destroys individual businesses as well. Below is a short article excerpt on Pequot Capital:
Arthur Samberg, among the best-known hedge-fund managers, is closing down his firm amid an ongoing investigation into possible insider trading.
"Public disclosures about the continuing investigation have cast a cloud over the firm and have become a source of personal distraction," Mr. Samberg wrote in a letter that was sent to investors of his Pequot Capital Management Inc source
To read our Hedge Fund Tracker Profile on Pequot please see this link: Pequot Capital Management Hedge Fund Profile.