Embattled SAC Extends Redemption Deadline

May 10 2013 | 2:18pm ET

SAC Capital Advisors' redemption policies, once among the strictest in all of the hedge fund industry, are getting looser by the day.

The firm will push its May 16 redemption deadline back to June 3, giving it more time to lobby investors to stick with it. SAC had earlier eased its redemption terms, allowing those clients who skip the next deadline to still redeem their entire investment this year.


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