Saturday, 27 August 2016
Last updated 3 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.