{"id":10688,"date":"2009-05-28T00:00:00","date_gmt":"2009-05-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-pequot-closing-as-probe-back-in-spotlight","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/hedge-fund-pequot-closing-as-probe-back-in-spotlight.html","title":{"rendered":"Hedge fund Pequot closing as probe back in spotlight"},"content":{"rendered":"<p>Boston Globe &#8211; Prominent hedge fund firm Pequot Capital told investors on Wednesday it will shut down because of a reopened government probe into possible insider trading.<\/p>\n<p>&quot;Public disclosures about the continuing investigation have cast a cloud over the firm and have become a source of personal distraction,&quot; the firm&#8217;s founder Arthur Samberg, long one of the hedge fund industry&#8217;s best-known managers, wrote in a letter obtained by Reuters.<\/p>\n<div class=\"articlePluckHidden\">\n<p>&quot;With the situation increasingly untenable for the firm and for me, I have concluded that Pequot can no longer stay in business as an investment adviser.&quot;<\/p>\n<\/div>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.boston.com\/business\/articles\/2009\/05\/28\/hedge_fund_pequot_closing_as_probe_back_in_spotlight_1243502470\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston Globe &#8211; Prominent hedge fund firm Pequot Capital told investors on Wednesday it will shut down because of a reopened government probe into possible insider trading. &quot;Public disclosures about the continuing investigation have cast a cloud over the firm [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5356,4608,12305,12304,11148,5725,19,4504,12302,12303,4326],"class_list":["post-10688","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-arthur-samberg","tag-boston-globe","tag-distraction","tag-government-probe","tag-hedge-fund","tag-insider-trading","tag-investment-adviser","tag-investors","tag-pequot-capital","tag-public-disclosures","tag-reuters"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10688"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10688\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}