• Famed hedge fund manager Art Samberg has announced plans to shut down his firm, Pequot Capital Management, after an investigation into possible insider trading at the firm was revived. [NYT, WSJ]
• One person sweating bullets about Pequot's collapse: Morgan Stanley CEO John Mack, who was tied to the mess when it…
• "There's only so much due diligence you can do," hedge fund manager Arki Busson explained to Bloomberg News when asked how he managed to get suckered by Bernie Madoff. This is especially true when you spend most of your time chasing models and actresses. [BN]
• Bernie Madoff's lawyer says his client will agree to…
Last night was the social event of the year for the finance community: It was the annual gala of the Robin Hood Foundation, the poverty-battling non-profit backed by banking heavyweights. The usual suspects from the worlds of hedge funds and private equity were in attendance, as were a smattering of celebs too…
Art Samberg
