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Eleven Westchester and Fairfield County billionaires made the cut tone on Forbes’ list of the 400 wealthiest people in the United States.
The Stamford hedge fund firm is bracing for investors to request the redemption of most of the remaining $4 billion in outside funds under management, according to multiple published reports.
Stamford hedge fund SAC Capital Advisors has reportedly informed its employees that it could be facing substantial client withdrawals this year in the face of increasing scrutiny from federal regulators.
Despite strong returns, Diamondback Capital Management L.L.C., a Stamford-based hedge fund that had assets of more than $5 billion as recently as two years ago, announced in a Dec. 6 letter that it would close down.