Hedge Funds

Three new Pequot funds on deck


The three heavy hitters hired late last year by Art Samberg's $7.1 billion Pequot Capital Management will soon begin trading their new hedge funds.

 Art Samberg

Carson Levit, who worked previously for Pequot and Soros Fund Management and is returning to Pequot after a stint running a diversified long/short equity fund at Ken Griffin's Citadel Investment Group, will now run a generalist equity fund at Pequot. He is initially looking to raise $300 million.

Among Levit's own most recent recruits are senior analysts Rick McQuet, formerly with Standard Pacific, who will focus on financials, and Bart