Pequot credit fund hit with redemptions

Sat Apr 1, 2006



Pequot Capital Management's Pequot Credit Opportunities Fund was hit with sizable redemptions at the end of January, as investors, including funds of funds, became impatient with middling returns.

As of January 31, the strategy was running $263 million. That's down from more than $400 million last year, according to an investor.

The strategy, recently more bearish than not, has turned in small...

ISSN: 2151-1845 / CDC10004H

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