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.