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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...