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

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.