SAC Soars In First Half

Jul 25 2011 | 2:06pm ET

SAC Capital Advisors has avoided the pitfalls that have found a great many of its peers this year.

The $14 billion hedge fund's flagship International fund is up 9.2% this year, Bloomberg News reports. The big return—the average hedge fund was close to flat in the first half, according to several industry indices—was achieved in spite of a pedestrian June, when SAC International rose just 0.14%.

Some of SAC's largest positions paid off big in the first half. Genzyme Corp., its top U.S. stock holding, was sold in April, while its second- and fifth-largest holdings have soared 12% and 29% this year, respectively.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...