Jun 10 2013 | 12:50pm ET
SAC Capital Advisors clients moved to redeem substantially less from the hedge fund than expected, according to a report.
Investors filed redemption requests for between $2 billion and $3 billion from the $15 billion hedge fund. While redemptions are said to be closer to $3 billion than to $2 billion, it is still significantly less than expected and welcome news for SAC, which faced the redemption deadline amidst reports that prosecutors may file criminal charges against the firm itself.
Mar 10 2014 | 11:33am ET