Hedge Funds

John Mack returns to Morgan Stanley


Less than a month after joining Pequot Capital Management as chairman, John Mack has returned to Morgan Stanley as its CEO.

At the time of Mack's appointment, Pequot founder and chief executive Art Samberg said that he visualized Mack playing a role in helping Pequot, which already runs $6.5 billion through a highly diversified menu of funds, recruit new talent and expand its scope across new asset classes and regions of the world.

Now that Mack has left, Pequot is not searching for a new chairman, but it will remain active in broadening its investment platform.

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