Monday, 29 December 2014
Last updated 12 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.