Glory Days

Pequot founder Art Samberg managed one of the largest hedge funds in the world before a split with his partner reduced his firm by half. Now he has embarked on an ambitious plan for Pequot to regain its place among the hedge fund elite.

In March 2000 hedge fund manager Arthur Samberg was on top of the world -- literally. To celebrate his 59th birthday, the chairman of Westport, Connecticutbased Pequot Capital Management climbed Mount Kilimanjaro, the tallest freestanding peak on earth. Fresh off a year when two of his funds were up more than 100 percent, Samberg was running one of the biggest hedge fund firms in the world, with roughly $15 billion under management.

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