Behind every billionaire there is a story!

SAC Capital considers sale of stakes

SAC Capital, the $14bn (£6.8bn) hedge fund run by billionaire Steven Cohen, is considering selling up to 20 per cent of itself to private minority investorsMr Cohen is known as one of the most successful - and secretive - hedge fund managers in the world. He built his reputation through massive, rapid trading, mainly in US securities.

SAC’s assets under management are thought to include about $7bn of Mr Cohen’s money.

published by FT here:

http://news.yahoo.com/s/ft/20070724/bs_ft/fto072420071902306201