Investor To Redeem $100M From Embattled SAC

May 29 2013 | 12:05pm ET

Ironwood Capital Management plans to redeem its $100 million investment in the hedge fund, joining the Blackstone Group, which plans to pull most—if not all—of the $550 million it invests in SAC Capital Advisors. The San Francisco-based firm elected to quit the $15 billion hedge fund after SAC said earlier this month it was no longer cooperating unconditionally with the federal investigation into its practices.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…