SAC sticks investors with stiff NDA

Sat Oct 1, 2005

Steve Cohen's SAC Capital Advisors has taken the highly unusual step of asking prospective investors in its new SAC Multi-Strategy Fund to sign and return a nondisclosure agreement -- before even meeting with the firm to discuss the offering.

In a letter dated September 19, prospective investors were asked not to disclose information including, but not limited to, "past performance, assets, investment strategies or investment allocations, policies or other...


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