SAC Up 2.5% In January

Feb 6 2013 | 2:21pm ET

Insider-trading probe or no, SAC Capital Advisors continues to make money for its clients.

SAC's flagship fund rose 2.5% last month, the final month before investors have to turn in their redemption notices, CNBC reports. Despite strong performance last year—SAC returned 13%—the hedge fund expects more than $1 billion in withdrawals due to the fraud probe.

SAC's January wasn't exactly stellar; it was in line with or better than the average hedge fund, which returned between 1% and 2.6% last month, according to industry indices. But it made only half the 5.1% return posted by the Standard & Poor's 500 Index in the year's first month.

Other prominent hedge funds, including Omega Advisors and Jana Partners, managed January returns more in line with the broad-market index.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR