Thursday January 8, 12:24 AM
Hedge fund Pequot faces new SEC probe - Bloomberg
BOSTON, Jan 7 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has begun a new probe into whether hedge fund Pequot Capital Management illegally profited from inside information on Microsoft Corp (NASDAQ: MSFT - news) in 2001, Bloomberg News reported on Wednesday.
One of two people familiar with the matter told the news agency investigators had learned of documents that show former Microsoft employee David Zilkha may have obtained confidential information about the software maker, it said. Zilkha had left Microsoft in 2001 to join Pequot, it said.
'We will cooperate fully with all requests for information and are confident that Pequot's trading in Microsoft was at all times proper,' said Jonathan Gasthalter, a spokesman for Pequot.
SEC spokesman John Heine declined to comment.
The SEC closed an earlier investigation in 2006 that focused on communications between Arthur Samberg, chief executive of Pequot, and Zilkha while the firm was betting on Microsoft's securities, citing insufficient evidence to bring a case, the news agency said.
Microsoft declined to comment.
(Reporting by Muralikumar Anantharaman)
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