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Wednesday May 18, 03:47
Pequot Capital seeks new profits in Asia
(by Olivia Cohen)

Pequot Capital seeks new profits in Asia
A US hedge fund Pequot Capital Management Inc. that manages more than $6 billion seeks new ways to boost in Asia switching its business away from Europe and US.

Pequot has an option to focus on assets rather than publicly traded stocks, the company said in a statement. Traditionally, Pequot was regarded as an equity investor in the US.

Pequot has formed a joint venture with Singapore-based Pangaea Capital Management. New firm is headed by Robert Zulkoski, Colony’s former chief executive for the Asian-Pacific region.

Pequot/Pangaea Asia Opportunities Fund is a key factor for the company that is seeking $300 million from outside investors. Pequot’s chief executive Arthur Samberg is expected to become the chairman of Pangaea.
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