(Reuters) – Pequot Capital Management Inc., a $7 billion hedge fund group, on Thursday said it hired three former Citadel Investment Group portfolio managers to build out equity trading andevent-driven strategies.
Westport, Connecticut-based Pequot said the three fund managers, Peter Labon, Carson Levit and Steve Pigott, bring expertise in TMT (technology, media and telecom), equity long-short and event-driven investing, respectively.
The three joined as managing directors.
Art Samburg, Pequot chief executive, said the new hires are significant for the multi-strategy hedge fund. In September, Pequot said it hired a prominent Morgan Stanley banker, Byron Wien, as chief investment strategist. Wien starts in December.
