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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