Kapoor, Perry's Last Stock Manager, Quits

Nov 17 2010 | 12:46pm ET

Perry Capital's last equity specialist has left the firm and may launch a hedge fund of his own.

Chet Kapoor's departure, along with his three-member team, leaves Perry without any portfolio managers focusing on stocks, part of a refocusing on credit, event-driven and value strategies. Kapoor's portfolio, which focused on technology, media and telecommunications, has been turned over to Perry's event-driven team, Hedge Fund Alert reports.

"We made the decision to go back to Perry Capital's investing roots by returning to our event-driven, deep-value hedged roots," firm founder Richard Perry told investors last week, announcing Kapoor's exit.

Kapoor had been named a partner of the firm just nine months ago. He left within the past few weeks, joined by fellow partner Mendel Hui, Byram Karanjia and Seth Basham.

Kapoor is now considering his options, among them launching a hedge fund or joining another firm.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…