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SAC Capital Wants To Make Sure No One Makes Any Rash Decisions Here

If anyone was considering redeeming from the fund, just slow down and think things through; you don’t want to wake up in the morning and realize you’ve made the biggest mistake of your life, walking away from all this [gestures to warehouse full of fleece apparel].

Hedge fund SAC Capital Advisors, under pressure from a government investigation into insider trading, is adjusting its liquidity conditions again as a new deadline to pull out money looms next month. “We are offering our investors additional time to make their decisions as we are hopeful that the next few months will bring greater clarity surrounding the resolution of pending regulatory matters,” said SAC Capital President Tom Conheeney.

[Reuters]

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3 Responses to “SAC Capital Wants To Make Sure No One Makes Any Rash Decisions Here”

  1. Guest says:

    Nothing is fucked. Please remain calm.
    Captain Edward Smith
    RMS Titanic

  2. The penalties would not be paid by investors, right? So, in all seriousness, wouldn't you want crooks investing your money so long as you were not going to be punished?

  3. Quant me maybe... says:

    I totally want one of those fleeces. Periodically, I look on eBay. Nothing.
    So sad.