SAC Said to Get $100 Million Ironwood Withdrawal Request
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Ironwood Capital Management Corp., a firm that invests in hedge funds, plans to pull the $100 million it has in Steven Cohen’s SAC Capital Advisors LP, according to a person with knowledge of the matter.
The decision was made after Stamford, Connecticut-based SAC said May 17 it would no longer unconditionally cooperate with the U.S. government in its multiyear insider-trading investigation, said the person, who asked not to be named because the information is private.