SAC To Close Flagship On Aug. 1

Jul 27 2011 | 12:42pm ET

After months of mulling such a move, SAC Capital Advisors will close its flagship hedge fund to new money at the end of the month.

The Stamford, Conn.-based firm's International Fund, which has grown by about $2 billion since reopening to new investment last year, will close on Aug. 1.  The $14 billion firm is characterizing Monday's move as a "soft close," but SAC won't take new money from either existing investors or would-be new ones.


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    Hedge Funds Care Gala Raises $2 Million For Charity

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