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SAC's $1.68 Billion Pullback

Friday, 15 Feb 2013 | 12:10 PM ET

CNBC's Kate Kelly reports SAC Capital suffered $1.68 billion in Q1 redemptions, and just over $1 billion in redemptions will come out over the next 3 quarters; and Mike Santoli, Yahoo Finance, offers insight on whether recent M&A action means the market is cheap.