Things do not appear to be getting any easier for Steven Cohen and SAC Capital. In a recent Fox Business scoop, Charlie Gasparino painted a bleak picture for the impending February 15th close of the hedge fund's redemption window. It appears that many investors might be contemplating pulling their money from SAC, amidst a recent warning by the SEC that the fund could face civil charges over an insider trading probe.
SAC Capital is a Connecticut-based hedge fund that was founded in 1992 by Steven Cohen. The diversified hedge fund uses both fundamental and quantitative-based approaches. The hedge fund manages approximately $20 billion in assets (as of the end of the third quarter), of which it is estimated that near $