Pequot Debuts Long/Short Equity Hedge Fund

Mar 26 2008 | 2:00am ET

Pequot Capital Management is in launch mode as the $6.5 billion firm prepares to debut its second hedge fund of the year. The Connecticut multi-strategy shop is launching the Pequot New Vision Fund on April 1 with $18.1 million in assets.

A global long/short offering, the fund seeks to produce “attractive returns with consistent alpha by identifying global emerging growth opportunities that are fundamentally mispriced by the market,” according to a fund summary obtained by FINalternatives.

“The strategy looks to capture the upside potential from these rapidly growing companies through a balanced and diversified portfolio with limited volatility.”

An official at Pequot did not return a message left before press time.

In January, Pequot launched a hedge fund that invests in the financial services sector.

The firm also manages another long/short strategy, the Pequot Cosmos Fund Offshore, which focuses on non-U.S. companies that “exhibit growth potential and strong entrepreneurial leadership.” The Cosmos Fund launched in February 2007 with $107.9 million.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of