Arthur Samberg, one of the world’s best known hedge fund managers, is closing down his hedge fund, Pequot Capital Management, saying public disclosures of the reopening of a government probe into allegations of insider trading made its continued operation “untenable”. In a letter to clients on Wednesday (read via WSJ here), Samberg, 68, said he planned to liquidate the company’s core funds and return cash to investors, while spinning out two other funds.

This entry was posted by Gwen Robinson on Thursday, May 28th, 2009 at 5:19 and is filed under Capital markets, Hedge funds, People. Tagged with Arthur Samberg. Edit this entry.