SAC to open capacity on multistrategy fund

by

SAC Capital Advisors, the $10 billion-plus shop run by Steve Cohen, is getting ready to open up to additional allocations for its multistrategy fund. Beginning January 1, existing investors will be able to put more money into the strategy, which was launched about a year ago with several billion dollars. It is unknown how much capital Cohen plans to take into the fund or whether the firm will allow a select number of new investors to get in.

Last year's launch was the first attempt by Cohen to raise money from outside investors since 1992. During the fundraising