From the WSJ: SAC Capital Advisors LP is bracing for investors to pull an
estimated $3.5 billion from the firm, according to people briefed on the
matter, as the hedge-fund giant continues to battle fallout from an
intensifying insider-trading probe.
The anticipated withdrawals, which the people described as
preliminary estimates that were still in flux, come in response to a quarterly
deadline Monday for SAC clients to ask for money back. The firm received
withdrawal requests for $1.7 billion in the first quarter..
If the estimates hold, the outflows would represent more
than half of the firm's remaining outside capital and bring the total that
investors have sought back this year to more than $5 billion....
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