Tuesday, 28 July 2015
Last updated 17 hours ago
May 13 2011 | 1:47pm ET
SAC Capital Advisors may stop accepting new money after adding about $2 billion to its coffers.
The Stamford, Conn.-based firm, one of the most prominent hedge funds in the world, has not yet decided to close to new investment, a source told MarketWatch on the sidelines of the SkyBridge Alternatives Conference in Las Vegas. But the firm is considering doing so after recent inflows pushed its assets to nearly $14 billion.
SAC founder Steven Cohen—who runs about 10% of SAC's capital—was in Las Vegas for the conference, sitting down for a rare public interview with SkyBridge Capital's Anthony Scaramucci. But he was also doing business: The firm met with about 30 investors at the conference yesterday.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…