SAC likely to face fresh redemption requests

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SAC likely to face fresh redemption requests

SAC likely to face fresh redemption requests
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SAC likely to face fresh redemption requests

by Wochit 1:00 mins

After the U.S. government charged Steven Cohen's $14 billion SAC Capital Advisors with securities and wire fraud last month, the bulk of outside clients who are still in the fund are likely to file their redemption notices now. London police are actively investigating Rupert Murdoch's British newspaper business for possible criminal violations over allegations of phone-hacking and illegal payments to public officials by its journalists, a source familiar with the matter told Reuters. Advertising technology company Rocket Fuel Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock. Credit Suisse and Citigroup are acting as lead underwriters for the offering, Rocket Fuel said in a regulatory filing with the U.S. Securities and Exchange Commission.

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