Friday, 3 July 2015
Last updated 20 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…