Pequot Launches Sector-Focused Hedge Fund

Mar 11 2008 | 2:00am ET

Connecticut-based Pequot Capital Management has launched a hedge fund that invests in the financial services sector. The Pequot New Prospect Fund launched with $34 million in assets on Jan.1.

The Pequot New Prospect Fund seeks to generate absolute returns by exploiting the cyclical nature of the financial services sector and by investing in other U.S. and international value-based opportunities, according to a document obtained by FINalternatives.

A firm spokesman decline to comment on the new product.

Currently, the firm manages approximately $6.5 billion in assets (including approximately $218 million of uncalled committed capital) in multiple strategies across the capital structure including Pequot Ventures, which will separate from the firm on June 30.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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