Saturday, 25 April 2015
Last updated 12 hours ago
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.
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…