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

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note