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Andor Capital's Dan Benton Raises $500m In Comeback

Dan Benton, who closed down his $2 billion Andor Capital Management back in 2008, has raised more than $500 million in his bid to make a comeback.

Dan Benton has raised more than $500 million in his bid to make a comeback. 

According to SEC filings, the technology expert raised $409 million in The Andor Opportunity Fund LP and another $102 million in Andor Opportunity Offshore Fund Ltd.

Calls to the Greenwich, Connecticut, firm were not returned. 

Benton closed down his $2 billion Andor Capital Management back in 2008 when he and scores of other hedge fund managers lost money amid the global financial meltdown. At the time he cited, in part, the "desire to devote more time to my family and other interests."

Benton had spent 24 years in the investment business. Back in 1986, he had co-founded Pequot Capital with Art Samberg as a division of what is now known as Dawson-Herman Capital Management. Pequot broke away from Dawson-Herman in 1999 and Benton spun-off from Pequot in 2001 to create Andor Capital Management, taking roughly $7.5 billion with him in the split. 

At its peak in 2003, Andor managed $9.6 billion.

Before joining up with Samberg, Benton was a technology analyst with Goldman Sachs.

Benton received his BA from Colgate University in 1980, before receiving an MBA from Harvard Business School. 

Samberg subsequently shut down Pequot after he was investigated by the Securities and Exchange Commission.

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