Arthur J. Samberg, founder, chairman and CEO of hedge fund manager Pequot Capital Management, today told clients he will shutter the firm, close its core funds and spin out two funds into separate businesses, according to a client letter obtained by Crain's Pensions & Investments.
More than 100 investment managers and their placement agents have been subpoenaed by New York Attorney General Andrew M. Cuomo as part of his two-year investigation into alleged pay-to-play schemes involving the $122 billion New York State Common Retirement Fund, Albany, Mr. Cuomo announced today.
Sisters of Charity of the Blessed Virgin Mary, Dubuque, Iowa, has filed a civil suit alleging breach of fiduciary duty, breach of trust and unjust enrichment regarding losses from the order’s investment in an SSgA enhanced Dow Jones-AIG Commodities futures strategy.
