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Ex-SAC Trader Shuts Tech HF

FISAM Capital, founded by former portfolio manager at SAC Capital Advisors, Stefan Frank, has been shut down.

FISAM Capital, founded by former portfolio manager at SAC Capital Advisors, Stefan Frank, has been shut down, Reuters reports. The tech-focused hedge fund is closing after a large investor redeemed its money.

The fund, set up in November 2009, managed about $100 million in assets. The hedge fund is returning money to investors and closing its operations. Frank had left SAC Capital in 2008.

Click here for the story from Reuters.

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