Tech. Hedge Fund Andor Capital To Return

Mar 3 2011 | 12:58pm ET

After more than two years on the shelf, Dan Benton is dusting off Andor Capital Management.

Benton, who closed Andor during the worst of the financial crisis in 2008, plans to relaunch the technology-focused hedge fund.

Andor Capital Management's Dan Benton, speaking at his alma mater, Colgate CollegeAndor Capital Management's Dan Benton, speaking at his alma mater, Colgate CollegeThe Greenwich, Conn.-based firm's general counsel, Kevin O'Brien, has spent the last few months reaching out to former Andor investors via e-mail to gauge their interest in reupping with the hedge fund. Benton hopes to restart Andor with a small number of investors, according to MarketWatch.

Andor's return was first reported by CNBC.

Andor spun off from Pequot Capital Management in 2001, headed by Benton and Christopher James, who left the firm in 2004. The firm managed $2 billion when Benton pulled the plug in August 2008, citing losses that Andor had suffered and his "desire to devote more time to my family and other interests."

At the time, Benton said he was retiring from money management.


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