SAC, which has been linked to a massive insider-trading case, has until Feb 15 to convince...
SAC, which has been linked to a massive insider-trading case, has until Feb 15 to convince investors not to pull their money from the firm during its next redemption period. SocGen will reportedly withdraw its cash, while Morgan Stanley (MS) is monitoring the situation. Others plan to keep their capital with SAC, citing the firm's strong track record and the pledge of founder Steven Cohen to cover any penalties himself.
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