Hedge Funds

Schendel rejoins Pequot alumni at Andor Capital

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Andor Capital Management, the $3 billion hedge fund run by Pequot co-founder Dan Benton, has hired Jerry Schendel, a Pequot alumnus who had managed $600 million until leaving the firm in September 2003

Schendel is slated to manage money for the firm, said sources, but may not be managing a technology portfolio, which had been his focus when at Pequot. Since leaving Pequot, Schendel had not popped up at another fund in the interim, apparently spending the last two years in semi-retirement.

Schendel's arrival at Andor could be good news for the firm. Andor has suffered mightily following its 2001