SAC's Steve Cohen To Close Flagship Fund
July 26, 2011
• Stephen Taub
Steve Cohen of SAC Capital Advisors is officially closing his flagship fund, beginning August 1.
It is being called a “soft close,” but the distinction from a hard close is not obvious. It will no longer accept additional money from new investors or existing investors.
Earlier reports suggested he was mulling some sort of decision.
A spokesman for the firm declined to comment.....