Andor Hedge Fund Closes

August 20, 2008: Andor Capitol Management's CEO Daniel Benton announced that his $2 billion hedge fund will be shut down in October 2008. The company will continue its investments until September 30. All funds will be liquidated back to the hedge fund's investors in October.

Fast Facts

1. CEO: Daniel Benton
2. Founded: 2001¹
3. Valued at $2 billion²
4. Benton claims "family and other personal interests" as reason for closing²
5. Andor Capital Management created after Benton split from Pequot Capital Management, former partner Art Samburg²
6. Fund has recently lost value due to falling stocks and credit crisis²

Related Pages on Mahalo

Hedge Funds | Credit Crisis | Stock Market | Mutual Funds

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