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>> STEVE COHEN Latest News

JUN 10, 2013 - MarketWatch

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SAC Capital sees $2-3 billion redemptions: report

NEW YORK (MarketWatch) -- SAC Capital had up to $3 billion in redemptions from clients this quarter, said a report on CNBC on Monday, citing people familiar with the matter. The hedge fund owned by billionaire Steve Cohen was subject to withdrawals from clients amid an intense government crackdown on insider trading aimed at the firm. The firm has a standard quarterly window to allow customers to withdraw funds and this recent withdrawal was close to expectations, said the report. The firm manages approximately $14.5 billion in total, $9 billion of which is said to be owned by Cohen and ... Read More

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