SAC Capital Redemptions Less Than $3B [REPORT]

Mani

Published onJune 10, 2013

Updated on May 13, 2021

SAC Capital Advisors, LP investors have pulled out between $2 and $3 billion during the second quarter, reports CNBC.

According to CNBC’s Kate Kelly, the redemption amount is closer to $3 billion and in line with earlier expectations.

Earlier estimates indicated that the hedge fund’s investors would pull out $3.5 billion during the second quarter.

During the first quarter, the hedge fund saw redemption requests from clients totaling $1.68 billion,...

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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 Redemptions Less Than $3B [REPORT]

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