SAC Up 1.5% In June

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.


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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.

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