Pequot Capital Snags Three Former Citadel Execs

Nov 18 2005 | 8:52pm ET

Westport, Conn.-based hedge fund Pequot Capital Management has hired three former Citadel Investment Group portfolio managers to join the firm's California office.

Peter Labon, Carson Levit and Steve Pigott will serve as managing directors. The three are experiences in technology, media and telecom, growth equity long/short and event-driven areas, respectively. A spokeswoman for Pequot said "the three will work to further broaden Pequot's investment platform." According to a release, the trio is being tasked with developing a new multi-strategy offering.   Prior to joining Pequot, Labon managed a long/short technology, media and telecom product at Citadel and an equity long/short product, while Levit managed a diversified equity long/short product.

Before joining Pequot, Pigott founded and managed an event-driven/merger arbitrage investment group at Marin Capital Partners, which recently shut its doors. Prior to that he managed North American merger arbitrage investments at Citadel.

Pequot has a reported $7 billion in assets under management.

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