Hedge Fund, Pequot Capital Said to be Facing Insider Trading Charges
Bloomberg is reporting that Pequot Capital, a New York based hedge fund, is facing insider trading charges by the Securities Exchange Commission (SEC) related to positions in Microsoft in 2006.
Pequot Capital was founded by Arthur J. Samberg, Chairman and Chief Executive Officer. The fund began trading in 1986. The firm has US offices and employees in the California, Connecticut, and New York, as well as an international presence in London.