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Steve Cohen And Other Hedge Fund Titans Shift To Cash Amid Turmoil
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According to reports from the Wall Street Journal, Steve Cohen's SAC Capital and other hedge funds have moved considerable money to cash in the wake of the current market chaos.
The article said Cohen moved half of his $14 billion fund, or about $7 billion, into money-market and other short-term securities. Millennium Partners's Israel Englander shifted about $6 billion of his $14 billion into cash. John Paulson of $35 billion Paulson & Co has much of his fund in cash equivalents.
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