SAC Capital Redemptions Less Than $3B [REPORT]
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, representing roughly one-quarter of outside capital. The hedge fund’s mass redemptions came as part of a standard quarterly window for capital return notices, known as redemptions. The deadline for withdrawal...
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