Hedge Funds

Picking up the pieces post-Andor


As Dan Benton's dream of building a durable institution falls apart following steep losses, his partner, a number of portfolio managers and a raft of analysts are leaving to start their own operations. The question now is whether these Andor refugees will get a favorable reception from investors or whether they are too tarnished by the events of the past two years.

If the experience of David Felman, former Fidelity manager who ran the once high flying Andor Diversified Fund, is anything to go by, investors are willing to accept to some extent that