Hedge Fund News From HedgeCo.Net

Cohen’s SAC said to receive $250 million in net deposits in 2011

Stamford Advocate – Investors have put $250 million into the main hedge fund of Steve Cohen’s SAC Capital Management LLC this year, even as prosecutors investigate accounts tied to two former portfolio managers who pleaded guilty to insider trading, according to two people with knowledge of the matter.

The fund, which returned 9 percent this year through May, has attracted a net $1.5 billion since mid-2010. The commitments don’t include money put in by Cohen and employees of the $14 billion firm, said the sources, who asked not to be identified because the information is private.

Read Complete Article


Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply