SAC Capital to Undertake 'Soft Reopening' of Major Fund - FBN's Gasparino
Tweet
Share
E-mail
According to Fox Business Network correspondent Charles Gasparino, SAC Capital will be planning a "soft reopening" of its major fund, which has been closed since 2011.
Gasparino posted a Twitter message today, saying the move would be "to soften blow of redemptions ties to insider trading probe."
SAC Capital is the $14 billion hedge fund run by Steven Cohen.
Last week, reports said that probably less than $1 billion would be pulled from the fund before redemption deadline hit, though SAC had a few things going for it to prevent more from leaving.
For more on SAC Capital and onoing litigation, click here.
Gasparino posted a Twitter message today, saying the move would be "to soften blow of redemptions ties to insider trading probe."
SAC Capital is the $14 billion hedge fund run by Steven Cohen.
Last week, reports said that probably less than $1 billion would be pulled from the fund before redemption deadline hit, though SAC had a few things going for it to prevent more from leaving.
For more on SAC Capital and onoing litigation, click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Norfolk Southern (NSC) corrects Ancora's false and misleading statements
- Vista Outdoor (VSTO) CSG Sends Letter to Senator J.D. Vance Addressing His Concerns Regarding Planned Acquisition of Vista Outdoor’s Sporting Products Business (VSTO)
- Edgio (EGIO) mentioned as Positive at Citron Research
Create E-mail Alert Related Categories
Hedge Funds, Insiders' BlogRelated Entities
SAC Capital, Charles Gasparino, Steven A. Cohen, Twitter, Hedge FundsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
