SAC Up Over 20%

Jan 2 2014 | 1:57pm ET

SAC Capital Advisors is going out on a high note.

The legendary hedge fund, which is returning outside capital after settling criminal insider-trading charges, was up 20.1% through Dec. 27, it told investors Monday. The average hedge fund is up by only single digits this year.

SAC rose 1.88% last month.

SAC agreed to cease managing outside capital and become a family office in November, pleading guilty to insider-trading charges as part of a deal with federal prosecutors.


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