Schendel departure rocks Pequot

Tue Jul 1, 2003



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...

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