Hedge Funds

Pequot nabs three Citadel alums for macro build-up


Pequot Capital Management, Art Samberg's $7 billion hedge fund group, snagged three former Citadel Investment Group executives as part of a plan to develop a new multistrategy fund. Peter Labon, Carson Levit and Steve Pigott have joined the firm as managing directors. The three bring expertise in the technology, media and telecom (TMT), equity long/short, and event-driven areas, respectively.

Labon was a managing director of Citadel from 2001 to 2005, where he managed a long/short TMT product. He was also a portfolio manager of the firm's equity long/short product. Over the same time period, Levit was a managing director