Blackstone Won't Pull Most SAC Funds Despite Trading Probe

Law360, New York (February 15, 2013, 5:40 PM ET) -- A unit of The Blackstone Group LP that reportedly has $550 million invested with SAC Capital Advisors LLC confirmed Friday that it will stay the course with the hedge fund, which is under a $247 million insider trading probe, for at least three months.

Taking advantage of a special withdrawal right offered to all of the fund's investors as a Friday deadline for redemptions loomed, Blackstone Alternative Asset Management said it will take some undisclosed funds out, but will keep most of it untouched until more...
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