Investors in SAC Capital redeemed $1.68 billion Thursday, according to people familiar with the matter, a nod to a raft of legal issues that have embattled the hedge fund in recent months since a new government insider-trading case raised questions about founder Steve Cohen’s potential involvement in illicit activity. SAC […]
Tag: Investor
BofA director settlement over Merrill triples to $62.5 million – source
Bank of America Corp directors have reached a $62.5 million settlement to resolve investor claims over the bank’s acquisition of Merrill Lynch & Co, a person familiar with the matter said, after a federal judge expressed reservations about an earlier version of the accord. U.S. District Judge Kevin Castel in […]
