PEQUOT SHUTS DOWN

The taint of a long-running insider-trading inquiry by the SEC and the Justice Dept. proved too much for Arthur Samberg, who boasts one of the best track records in the hedge fund industry. On May 27, Samberg, who has denied any wrongdoing, shut down Pequot Capital Management, saying: "Public disclosures about the continuing investigation have cast a ...

Arthur Samberg's Pequot Capital Management Inc. is liquidating its core hedge fund amid an investigation into potential insider trading, according to a letter to investors obtained by The Wall Street Journal. The Securities and Exchange Commission has been examining whether Pequot traded Microsoft Corp. shares on confidential ...