SAC Capital Investors Are Set To Pull Out $3.5B

Mani

Published onJune 3, 2013

Updated on May 13, 2021

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...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

SAC Capital Investors Are Set To Pull Out $3.5B

Deadline For Withdrawal At SAC Capital:

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