SAC Capital Investors Are Set To Pull Out $3.5BMani
SAC Capital Advisors LP’s investors are set to pull out $3.5 billion Steven Cohen’s hedge fund, according to Wall Street Journal.
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.
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