Tuesday, 2 June 2015
Last updated 34 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…