There is more change afoot at Pequot, with Jerry Schendel
leaving the firm. Schendel was managing the $600 million TMT
fund and is planning to start his own general equity fund. His
departure is being played down by Art Samberg, who unlike other
hedge fund managers who attempt to lock in key staff, is
magnanimously wishing his departing colleague well.
Samberg said in a letter to shareholders that they...