SAC To Reopen Multi-Strat Fund

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.