Tuesday, 4 August 2015
Last updated 2 hours ago
Jul 2 2013 | 11:13am ET
SAC Capital Advisors has a mountain of problems, but performance isn’t one.
In a June that saw a number of prominent hedge funds lose ground, SAC continued to post relatively strong returns. The firm’s flagship strategy gained 1.5% last month, Reuters reports. That bested most hedge funds, which were down 2.10% as of June 26, according to the Bank of America Merrill Lynch investable hedge fund composite index.
The S&P 500 was down 1.69% over the same period.
SAC is up 8.25% on the year.
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…