Thursday, 31 July 2014
Last updated 6 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…