Skip to main content

SAC: We're Open For Business

  • Author:
  • Updated:

“As the U.S. Attorney stated, the government's action today does not attempt to freeze any of SAC's assets. We have been advised by the U.S. Attorney's Office that their action is not intended to affect the ongoing operations of SAC's business, prevent investor redemptions, or impact the interests of any of SAC's counterparties. We anticipate that we and the U.S. Attorney's Office will agree to a protective order intended to reasonably protect all parties' legitimate interests, but will expressly permit SAC to continue its operations in the ordinary course.” [Earlier]