The insider information disaster at SAC Capital is inducing a massive exit of investors from the legendary fund of Steven Cohen.  About $4 billion may be soon looking for an alternative.  Rivals to SAC Capital could benefit as the firm’s redeeming investors look set to redeploy their capital elsewhere, said Reuters. Israel Englander’s $18 billion Millennium Management is one candidate.  On another note, the changing landscape in the fixed income market is depleting available opportunities for new funds to be launched. Chris Boas, ex head of global credit at Citadel's securities unit has announced he is canceling plans for his new hedge fund after failing to meet money raising targets (source: Bloomberg).  This is only the latest in a now significant string of hedge funds and prop-desks spin-outs that have failed to live up to projections.  Also in the news a SEI study is showing incresing interest on the part of money managers in alternative regulated products.  The fund administrator prophesised the $5.1 trillion defined contribution pension plan market, alongside retail investors would be ideal ideal targets for regulated alternatives.