According to Reuters a long list of rival hedge funds is eager to tap the
billions in outside money that Steven A. Cohen's SAC Capital Advisors is
expected to return to investors by year-end.
Israel Englander's $18 billion Millennium Management, which
has long had a rivalry with SAC, is the name that comes up most often as a
possible alternative investment, the industry sources said. The firm also
relies on a group approach where dozens of smaller portfolio teams, rather than
one or two main managers, buy and sell securities quickly, often thousands of
them…. Balyasny Asset Management, Visium Asset Management and Kenneth Griffin's
Citadel, which all feature multi-manager trading teams, have also been named
frequently as candidates for some of the estimated $3 billion to $4 billion
expected to leave SAC, said industry sources….
Wait...wait...there's more at http://www.reuters.com/article/2013/06/12/us-saccapital-money-idUSBRE95B16320130612
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