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

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of