Morgan Hedge | Hedge Fund Database

Another investor pulls money from hedge fund SAC

Date: WED, MAY 29 2013
Topic: Funds & Investment

Reuters reports that Ironwood Capital Management plans to pull about $100m from hedge fund SAC Capital Advisors, adding to the list of problems for Steven A. Cohen.

San Francisco-based Ironwood notified SAC last week it would be taking its money out of the $15bn fund because of changes in access to information about an ongoing insider trading probe, according to a source familiar with the situation.

This article comes from Morgan Hedge | Hedge Fund Database

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