SAC Sees $1 Billion In Redemptions Next Month

Jan 11 2013 | 1:44pm ET

Under an insider-trading cloud, SAC Capital Advisors expects clients to redeem at least $1 billion next month.

The $14 billion Stamford, Conn.-based hedge fund giant has been mentioning the figure in talks with advisers and top employees. Withdrawals of that amount would account for one-sixth of outside capital invested with SAC.


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