SAC Redemptions Less Than $3 Billion

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.


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