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Saturday, 21 January 2017
Last updated 6 hours ago
Mar 4 2011 | 10:41am ET
While U.S. stocks have soared in the early going of 2011, SAC Capital Advisers is taking it slow and steady.
The Stamford, Conn.-based hedge fund giant's flagship strategy rose 1.15% last month. By contrast, the Standard & Poor's 500 Index returned 3.4% in February.
In January, SAC, which manages about $13 billion, returned 1.75%, also trailing the S&P500, which rose 2.3% that month.
SAC returned 15.85% last year, narrowly beating the S&P500.