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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...