According to Bloomberg Ironwood Capital Management Corp., a firm that invests in
hedge funds, plans to pull the $100 million it has in Steven Cohen’s SAC
Capital Advisors LP, according to a person with knowledge of the matter.
The decision was made after Stamford, Connecticut-based SAC
said May 17 it would no longer unconditionally cooperate with the U.S.
government in its multiyear insider-trading investigation, said the person, who
asked not to be named because the information is private.
Investors in Cohen’s $15 billion hedge-fund firm have until
June 3 to put in their redemption requests for the second quarter. Clients
asked to redeem $1.68 billion in the first quarter, a person familiar with the
firm said at the time…..
Wait...wait...there's more at http://www.bloomberg.com/news/2013-05-28/sac-said-to-get-100-million-ironwood-withdrawal-request.html
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