SAC Capital Considering Closing To New Investment
Written on May 10, 2011 by Maragaret Harrison
LAS VEGAS — SAC Capital Advisors told investors Thursday that it’s considering closing to new investment, according to a person familiar with the situation. SAC, which met with about 30 investors in Las Vegas on Thursday, has experienced net inflows recently and now oversees nearly $14 billion in assets, the person added on condition of anonymity. A spokesman for SAC declined to comment.
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