Tuesday, 26 July 2016
Last updated 19 min ago
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.