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Samberg’s Pequot Said to Face New SEC Insider-Trading Inquiry

Bloomberg – The U.S. Securities and Exchange Commission opened a new investigation into whether Pequot Capital Management Inc., the hedge fund run by Arthur Samberg, illegally profited in 2001 by tapping inside information on Microsoft Corp., two people familiar with the matter said.

Investigators learned of documents that show former Microsoft employee David Zilkha may have obtained confidential information about the software maker, said one of the people, declining to be identified because the investigation isn’t public. Zilkha left the company in 2001 to join Pequot.

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