Monday, 23 January 2017
Last updated 1 hour ago
Apr 17 2009 | 9:16am ET
Pequot Capital Management is on the move: The $4 billion hedge fund shop has signed a long-term lease on new Connecticut digs for its headquarters.
The firm is moving about seven miles inland from its current home by the Long Island Sound in Westport, Conn., to Wilton. Its new building, at 187 Danbury Road, formerly housed Bank of America and Dun and Bradstreet.
“The location, coupled with the existing infrastructure of the building and the high caliber of the space made 187 Danbury Road a perfect fit,” Pequot’s Susan Hotchkiss said. Pequot will occupy 27,000 square feet of the 136,000-square-foot building.
Pequot’s new neighbors are also newcomers to the building: Davis Marcus Partners, the real estate firm that owns 187 Danbury Road, also announced that wealth management firm Granite Group Advisors has leaded 2,200 square feet.
Other companies with offices at Pequot’s new home are Wilton Reinsurance, Private Client Resources and skin-care group Beiersdorf.
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