SAC Bracing For Huge Redemptions

May 23 2013 | 12:34pm ET

Facing possible criminal charges and mulling whether to return all outside money, SAC Capital Advisors could suffer even more redemptions next month than the $1.7 billion it saw pulled in February.

Withdrawals are expected to accelerate at next month's redemption date. SAC has again relaxed its policies, which normally permit investors to pull only a quarter of their money per calendar quarter.


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