Pequot Capital Closing

Arthur Samberg, among the best-known hedge-fund managers, is closing down his firm amid an ongoing investigation into possible insider trading

WSJ:

“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. late in the day on Wednesday. “With the situation increasingly untenable for the firm and for me, I have concluded that Pequot can no longer stay in business.”

Thanks, Kev!

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Source:
Samberg’s Pequot Capital to Close
GREGORY ZUCKERMAN
WSJ, MAY 27, 2009, 5:25 P.M. ET
http://online.wsj.com/article/SB124345809322059817.htm

Founders Closing Letter
http://online.wsj.com/public/resources/documents/PequotLetter052709.pdf

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