Venture Capital Firm’s Hedge Fund Plans On The Rocks

Mar 23 2009 | 1:54pm ET

Venture capital giant Sequoia Capital’s plan to enter the hedge fund business may be a non-starter following the departure of the project’s pointmen.

Michael Beckwith and Eric Upin, who joined Sequoia last year to help it set up a hedge fund, have both left the firm. Upin, a former head of Stanford University’s endowment, has joined Makena Capital Management, founded three years ago by another former Stanford endowment chief, Michael McCaffery.

It is unclear whether Sequoia raised any money for the hedge funds to be run by Beckwith and Upin, or whether the hedge fund plans have been cancelled or merely shelved for the time being.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...