Wednesday, 1 April 2015
Last updated 45 sec ago
Dec 2 2010 | 1:57pm ET
Most hedge funds begin to fear for their very lives when they are mentioned in connection with insider-trading or any federal investigation. Even top firms, such as FrontPoint Partners, can see billions in redemptions.
But as with seemingly so many other things, SAC Capital Advisors may stand apart.
The $12 billion hedge fund giant has been subpoenaed in the Justice Department's growing insider-trading investigation. As part of that probe, the Federal Bureau of Investigation asked the head of a research firm to wear a wire in conversations with SAC. And two hedge funds founded by SAC alumni—including one founded by SAC founder Steven Cohen's brother-in-law—were raided last month.
But while SAC may be a target of the investigation, it may well take an indictment to sink it. The firm allows investors to withdraw only a quarter of their money every three months, MarketWatch reports. What's more, much of the firm's money comes from Cohen himself, who seems unlikely to commit his firm to the deep by redeeming all of his capital.
There is also, of course, the matter of performance, which has been historically excellent at SAC and continues to be so this year. According to MarketWatch, the firm's International fund is up 11.5% this year.
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As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…