SAC Capital Doesn’t Need You…SAC Capital Doesn’t Need Any Of You!

SAC Capital Advisors will pay out about $660 million next month to investors who had requested withdrawals amid concerns the hedge-fund firm will face mounting legal and regulatory scrutiny, people familiar with the plan said. Clients had until Thursday to inform SAC if they wanted to withdraw money from the Stamford, Conn.-based firm this quarter. The people said investors asked to redeem about $1.7 billion from SAC. The remaining withdrawals will be paid out over the course of 2013, the people said. “As we have been saying, the redemptions will have no significant impact on our funds,” a SAC spokesman said in a statement Friday. [WSJ]

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5 Responses to “SAC Capital Doesn’t Need You…SAC Capital Doesn’t Need Any Of You!”

  1. Johnsonnavinr says:

    They just need this chair, and the paddle ball game, and these matches….

  2. Guest says:

    Does this affect their cherry picking abilities?

  3. SAC are supposed to be the smartest guys in the room.

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