Reuters – Blackstone Sticks with SAC Capital

Blackstone Group, one of the world’s most powerful hedge fund investors, is largely sticking with Steven A. Cohen’s SAC Capital Advisors but has negotiated more favorable liquidity terms, spokesman Peter Rose said in a statement. The news came on the day investors had to notify Cohen’s $14 billion fund whether they were sticking with him or leaving as the firm faces heightened scrutiny in the government’s insider trading investigation, Reuters wrote.

(Reuters) – Blackstone Group, one of the world’s most powerful hedge fund investors, is largely sticking with Steven A. Cohen’s SAC Capital Advisors but has negotiated more favorable liquidity terms, spokesman Peter Rose said in a statement.

The news came on the day investors had to notify Cohen’s $14 billion fund whether they were sticking with him or leaving as the firm faces heightened scrutiny in the government’s insider trading investigation.

Sources said Blackstone had roughly $550 million invested with SAC, making it the largest outside investor in Cohen’s fund.

Related Posts

Leave a Reply

PEHUB Community

Join the 12501 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget