Tuesday, 28 July 2015
Last updated 1 hour ago
Aug 17 2007 | 1:03pm ET
SAC Capital Management is reportedly planning to reopen its multi-strategy hedge fund to new investors in October.
The SAC Multi-Strategy Fund launched in 2005, according to Alternative Investment News, and returned 30% last year. It charges above-industry-standard fees of 3% for management and 33% for performance, with a three-year lockup.
The firm declinded to comment.
Greenwich, Conn.-based SAC manages $14 billion.
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…