Amusingly, it wasn’t 6 months ago that Pequot managed to capture the much-coveted “probably won’t go under” award (technically the “Pulliamp-Strasburg Likely Survivors Amid Turmoil in the Industry” award) issued by the Wall Street Journal to the most middling hedge-fund. More amusingly, it only three months and change from there before Samberg had “…concluded that Pequot can no longer stay in business.”
In no time at all Pequot Capital Management became one of those “repeat offenders” here on Dealbreaker. You know the type: constantly tarnishing these pages with tales of woe, hints of scandal, long missives and tedious adéus of every kind.
But now, new news brought to the forefront by Pequot hastens my return to these pages- owing to my minor, but entertaining connection to the firm, I gravitate to writing projects that include it.* Address your hate mail accordingly.
Trades [by Pequot] linked to Google Inc., Cox Communications Inc., International Securities Holdings Inc., Premcor Inc. and dozens of other companies prompted surveillance units policing U.S. exchanges to make the referrals to the Securities and Exchange Commission, according to agency records obtained by Bloomberg News. Thirty-six reports flagged possible insider trading. Four indicated possible manipulation and four were labeled “other.”
“The numbers would indicate they had trading that closely preceded 36 material events” said Bradley Bennett, a partner at Baker Botts in Washington and a former SEC investigator who focused on insider-trading cases.
No surprise there. Neither, sadly, is the fact that notices on Pequot go back to 2005 or earlier.
I bet there is a press release on their website. Oh. Darn.
Pequot Trading in Google, Cox, Premcor Sparked Warnings to SEC [Bloomberg]
* Related only tangentially, a conversation that took place on stage at a finance panel discussion a few weeks ago during the half-time break:
Panelist #1: Isn’t that (insider trading) what that one firm is being accused of? (She really asked this. And the mic was still on.)
Panelist #2: Which firm?
Panelist #1: The hedge fund?
Panelist #2: Uh, not sure.
Panelist #1: (Detecting evasion): The one in Connecticut? (No, I’m not kidding).
Panelist #2: Um… maybe?
Panelist #1: They have the same name as that shitty French car company.
Panelist #2: Mercedes? (Again, not kidding).
EP: Citroën?
Panelist #1: YES! No, wait….
EP: Peugeot?
Panelist #1: YES! That’s it!
EP: There’s a hedge fund named Peugeot?
Panelist #1: Yes. Well, like it. Named like it.
- long pause -
EP: Pequot?
Panelist #1: That’s it exactly! YES!
French car company. In retrospect, she was pretty close actually. There was an hour left in the second half of the panel though.
Too long; didn’t read.
Is the accompanying picture of the casino owned by the Pequot indians? Are you really that stupid? If not, can you please explain its relevance?
- A concerned citizen
Hint:
Amanda. Drury. Cleave.
Any article containing those words will be a hit.
Even if Tax Chick doesn’t read it.
@1 Obviously you weren’t referring to the Pequot website . . .
My Private’s are Equitable
tl; dr.
too long; didn’t read
Connecticut, kumquats, what?
I love kumquats.
–Steve Cohen
too long; didn’t read. war is Bess?
Did Tax Chick do the black guy or not? Inquiring minds want to know.
7 hyperlinks (1 not working) + one bad joke does not a post make, EP. Ugh.
please bring bess back
Step 1: Make the main point a hyperlink, and throw it near the end of the article.
Step 2: Obscure the main point with shitty run-on sentences.
Step 3: Make the run-ons even longer so you can add in hyperlinks to sites nobody is interested in.
Step 4: ???
Step 5: Lose visitors.
this post is pretty gawd awful
Step 6: Put your junk in the box
so if hanky panky is calling lloydy droidy 12 times a day, how many SEC referrals does someone like goldman sachs get typically on one year?
EP, will u stop posting if i give u $5?
how does this company get 45 referrals, blow out an SEC lawyer standing in its way and still remain untouched? did his niece marry an SEC enforcement boss?
@2
That is Foxwoods Grand Pequot Tower. You gotta problem with that?
Also, as a slight tangent on that front, the crowd there is, oh, how do you say this, that which makes Times Square on a given summer afternoon look like Fashion Week.
@18 Schumer runs interference for them!
Is Bess no more?
@21 Start watching Happy Hour on Fox Business, I heard that since it’s a better incarnation of a financial tabloid than what DB has become she’s jumping ship.
How was it said at lunch time with only an hour left in the afternoon session?
@10 i second that.
that dialogue about the Peugot sounds entirely fabricated but i have no doubt that it did really happen?
was the debt bitch there by any chance?
Wouldn’t a picture of injuns getting killed have made more sense, and been less unrelated?