SAC Considers Family-Office Future As Forfeiture Case Is Postponed

Sep 4 2013 | 12:35pm ET

In spite of a criminal indictment for insider-trading and the possible seizure of all of its assets, SAC's founder, Steven Cohen, reportedly wishes to continue managing outside capital. But with substantially all of the hedge funds' investors having filed redemption requests, which will leave SAC managing almost entirely internal capital at the end of the year, the firm is now considering a move that would reduce its regulatory liability and might serve as the cornerstone of a settlement with the federal government.


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