SAC Capital Investors Are Set To Pull Out $3.5B

SAC Capital Advisors LP’s investors are set to pull out $3.5 billion Steven Cohen’s hedge fund, according to Wall Street Journal. Deadline For Withdrawal At SAC Capital: With the fallout from an insider-trading probe, the hedge fund saw redemption requests from clients totaling $1.68 billion during the first quarter, representing roughly one-quarter of outside capital. The deadline for withdrawal at SAC is set June 3. According to the Wall Street Journal report, if the trend of such outflows continues, the total redemption from investors could touch over $5 billion. The investors expect the amount would be paid out over three…