Hedge Fund Reader : More on the Pequot Scandal

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October 08, 2006

More on the Pequot Scandal

Flash back to a few months ago when Pequot Capital Management made news as part of an SEC investigation for alleged insider trading. Morgan Stanley’s CEO John Mack was in the thick of things as the most likely person to have tipped Pequot to the multi-million dollar merger between General Electric Corp. and Heller Financial Inc.

The news today is that the U.S. Securities and Exchange Commission has decided not to take action against Pequot, its employees or John Mack. Is this the end of the Pequot saga or is there more to come?

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October 8, 2006 in Gossip & Scandal | Permalink