SAC Flagship Most Profitable Hedge Fund

Jan 4 2013 | 1:26pm ET

Prosecutors, regulators and the Federal Bureau of Investigation may be circling, by none of its kept SAC Capital Advisors' flagship from earning the title of most profitable hedge fund in the world.

Profitable, it must be said, not for its investors; in that realm, the International Fund only ranks 86th through October, according to Bloomberg Markets magazine. But since SAC has some of the highest fees in the industry, charging as much as 3% for management and 50% for performance, International earned the firm and its managers $789.5 million in the first 10 months of last year.

SAC is currently embroiled in an insider-trading scandal. A former portfolio manager has been accused of earning the firm $276 million trading on confidential information about Alzheimer's drug trials, and the investigation has reached all the way to the firm's top. Indeed, the case against Mathew Martoma, who pleaded not guilty, is the first to refer specifically to Cohen, and authorities have reportedly spent almost a year trying to get Martoma to turn on Cohen.

Both SAC and Cohen have denied any wrongdoing.

Viking Global Investors' Equities Fund placed second, followed by Och-Ziff Capital Management's OZ Master Fund, both far behind SAC International with profits of $456.5 million and $402.6 million, respectively.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note