Thursday, 21 August 2014
Last updated 1 hour 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note