SAC Capital, the $14bn hedge fund run by billionaire Steven Cohen, is considering selling up to 20 per cent of itself to private minority investors. Mr Cohen is known as one of the world’s most successful – and secretive – hedge fund managers. SAC’s assets under management are thought to include about $7bn of Mr Cohen’s money. More recently, Mr Cohen has moved into activism, building stakes in companies such as Bausch & Lomb and TD Ameritrade. SAC has been marketing possible stakes in its management company to investors including Singapore’s Temasek. Lehman Brothers is said to be working on the sales.

This entry was posted by Gwen Robinson on Wednesday, July 25th, 2007 at 5:40 and is filed under Capital markets, M&A, People. Tagged with Lehman Brothers, sac, steven cohen. Edit this entry.