NEW YORK (Reuters) – Another outside investor in Steven A. Cohen’s SAC Capital Advisors will ask to redeem money from his hedge fund in the second quarter.
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SAC investor Magnitude to pull money from Cohen’s fund in Q2 -source(uk.reuters.com) Another outside investor in Steven A. Cohen’s SAC Capital Advisors will ask to redeem money from his hedge fund in the second quarter. Fund of hedge funds firm Magnitude Capital began redeeming money from SAC in the first quarter and will submit another withdrawal notice for the second quarter, according to a person…
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Magnitude Capital To Redeem More Investments From SAC Capital(valuewalk.com) Magnitude Capital, a multi-strategy hedge fund headed by founding partners James Hall and Benjamin Appen will redeem some of its investments, according to report from Reuters. Magnitude Capital Will Submit A Notice Of Redemption: The hedge fund started pulling out its money from SAC Capital Advisors in the first quarter.
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UPDATE 2-SAC redemptions grow, as Magnitude Capital joins in(uk.reuters.com) NEW YORK, May 31 (Reuters) – Investor redemptions from Steven A. Cohen’s SAC Capital Advisors continue to mount, with Magnitude Capital emerging as the latest outside investor asking to get money back from the $15 billion hedge fund. Magnitude Capital, a fund of hedge funds that manages $3.1 billion of client money, began redeeming funds in the…
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ZeroHedge: With The Unwind Approaching, Here Are $18.6 Billion SAC Capital’s Largest Stock Positions (silveristhenew.com) Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Nearly three years ago, following the publishing of “Is The SEC’s Insider Trading Case Implicating FrontPoint A Sting Operation Aimed At S.A.C. Capital?” which exposed the key biotech aspect of SAC’s insider trading strategy, and which linked SAC, and the…
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Blackstone notifies Cohen’s SAC it intends to pull money: pension consultant(news.yahoo.com) By Matthew Goldstein (Reuters) – Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters. A pension consultant, in a May 21 letter to clients, said…
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SAC Says Cooperation With U.S. No Longer ‘Unconditional’(bloomberg.com) SAC Says Cooperation With U.S. No Longer ‘Unconditional’ By Kelly Bit & Katherine Burton – 2013-05-17T19:34:15Z Steven Cohen ‘s SAC Capital Advisors LP told investors that the hedge-fund firm’s cooperation with the U.S. government’s insider-trading investigation is “no longer unconditional.” . The firm said there will be “substantially more…
read more at SAC investor Magnitude to pull money from Cohen’s fund in second quarter: source
