SAC Unlikely to Face Big Redemptions Amid Probe
Another said that a solid performance this year may mean that some investors stick with the firm.
SAC Capital International, Ltd. Series D, one of the firm’s funds, returned 11.5% from Jan. 1 through to Nov. 19, according to a recent update sent to investors. The Standard & Poor’s 500 index rose 7.6% in the same period.
Hedge fund firms that get swept up in government investigations are often hit with investor redemption requests.
FrontPoint Partners had to shut down its healthcare hedge funds after a manager, Chip Skowron, was implicated in an insider-trading case. The firm got $3 billion in redemption requests for the end of this year, but it’s working to try to limit some of the withdrawals. Source
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Link to This Resource: SAC Redemptionhttp://richard-wilson.blogspot.com/2010/12/sac-redemption.html