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Titan Advisors Withdraws Funds From SAC Capital

Reuters – Titan Advisors LLC has decided to withdraw all of its money from the hedge fund firm SAC Capital Advisors LP, the Wall Street Journal reported on Friday [Dec. 21], as SAC faces scrutiny because of several employees linked to insider trading charges.

It’s unclear how much money Titan, an asset management firm based in New York, had invested with SAC for its clients, although it has $3 billion invested in hedge funds overall, according to a March securities filing.

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