Friday, 17 April 2015
Last updated 10 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…