WEST PALM BEACH, FL (HEDGECO.NET) – Chris James, the company’s chief investment officer and a portfolio manager, has decided to leave the company to begin managing his own hedge fund. Following thisannouncement, Andor Capital decided to fold two of its hedge funds, the Andor Diversified Growth and Andor Healthcare funds would both cease to operate effective August 31, 2004, according to companyspokesperson.

The two principals, Dan Benton and Chris James, helped to transform Andor Capital into one of the world’s largest hedge funds following a split from another hedge fund about three years ago, according to Reuters.

Benton, one of the founders of the asset management firm said, “After serious consideration, Chris James and I have decided to end our successful 8 year partnership, Going forward, Andor will remain focused on its core competency: managing technology long/short hedge funds,” Benton told investors in a letter.

Andor Capital came into existence in 2001, following the decision to end an alliance between Benton and his former partner, Art Samberg. This led to the closure of their hedge fund, the US$15 billion Pequot Capital Management. Benton has incredible talent in picking promising technology stocks that have become successful over the years.

According to the report, “Andor will retain all of the technology funds and the technology research team. Andor’s investment and portfolio management process will remain exactly the same under my leadership,� Benton told shareholders. Noting that the firm will provide full redemptions to departing investors in the Andor technology portfolios.

Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]

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