Andrew LahdeLahde Closes Short Credit FundAndrew Lahde’s hedge funds have known nothing but success, but even the man who has regularly produced triple- and quadruple-digit returns for his investors is spooked by the Wall Street turmoil.Lahde Capital told investors last week that it was shuttering its 10-month-old Short Credit Fund because the dangers of a bank collapse are too high. The fund’s strategy focused on betting against the debt of banks and broker/dealers.“While we concede there are additional opportunities in this episode of crisis and uncertainty, we have concluded that those opportunities are far outweighed by the risks attendant in the use of the over-the-counter derivative market,” he wrote. Read more...Free Daily Hedge Fund NewsletterRelated to Andrew Lahde:Top 52 Most Popular Articles...

Pequot CapitalPequot Capital Management Hedge Fund NoteThe following piece on Pequot Capital Management is being published as part of our daily effort to track hedge fund events and managers in the industry. To review other hedge fund related announcements and manager notes please see our Hedge Fund Tracker Tool._____________________________________________________In 2004, Pequot expanded its upper management team. “Employee-owned, Pequot Capital offers funds that focus on technology, health care services, and small-cap firms to institutional investors and wealthy individuals.”Pequot Management’s venture capital arm, “Pequot Ventures” split from the company and formed “FirstMark Capital”. The move was described as “the next logical step” for both Pequot Capital and Pequot Ventures. The move does not appear to effect Pequot Capital’s Hedge Funds since ...