Byron R. Wien will join Pequot Capital Management as managing director and chief investment strategist, effective Dec. 1. It is a new position, said spokesman Jonathan Gasthalter. Mr. Wien will work closely with Arthur J. Samberg, chairman and CEO, and the rest of the hedge fund manager's investment team to develop new global macro strategies. Mr. Wien will work in Pequot's New York office.
Mr. Wien has been one of the most-quoted U.S. investment strategists for most of his 20-year career at Morgan Stanley, where he was most recently senior U.S. investment strategist.
He was chief U.S. investment strategist and managing director at Morgan Stanley from 1985-2001, when Henry McVey took on the job, said Jim Badenhausen, a Morgan Stanley spokesman. Mr. Wien will not be directly replaced. He will remain an advisory director at Morgan Stanley, Mr. Badenhausen said, which permits him to maintain an office at Morgan Stanley, participate in some client meetings and write occasional commentary for client investment newsletters. Prior to joining Morgan Stanley, Mr. Wien was a portfolio manager for 20 years, mainly at Weiss, Peck and Greer, where he met Mr. Samberg, who was a partner of the firm.