SAC hit with some $1.68 billion in redemption notices -source

NEW YORK Fri Feb 15, 2013 12:22pm EST

NEW YORK Feb 15 (Reuters) - SAC Capital Advisors will see $1.68 billion in outside money leave the firm at the end of the first quarter, a person familiar with the firm said on Friday.

SAC had previously said it expected roughly $1 billion to leave the $14 billion firm.

The deadline for outside investors to put in notices was Thursday. SAC's biggest outside investor, Blackstone Group , is largely keeping its money with the firm.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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