Steve Cohen's SAC Gets Redemption Request From Investor
At least one well known investor in hedge funds confirms he has requested to redeem his investment in Steve Cohen’s SAC Capital in light of recent reports of probes into the Greenwich, Connecticut-based firm.
Stephen Taub
May 24, 2011
Steven A. Cohen, founder and chief executive officer of SAC Capital Advisors LP, listens during the SkyBridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 11, 2011. Cohen said last week's selloff in commodity markets makes this a good time to buy stock in energy companies. Photographer: Ronda Churchill/Bloomberg *** Local Caption *** Steven A. Cohen
Ronda Churchill/Bloomberg
