Thursday, 5 March 2015
Last updated 7 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…