Cohen's SAC Capital Outpaces Peers in 2013 as Feds Sharpen Claws
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Amid being under federal scrutiny, Steven Cohen just can't shake that winning feeling.
Reuters pointed out Wednesday have Cohen's SAC Capital Advisors up 4 percent through early March, as confirmed by two people familiar with knowledge of the matter. The means Cohen is outpacing the average gain of 3.22 percent by all hedge funds. By comparison, the S&P 500 is up 9.1 percent in 2013 over the same period.
SAC was said to be up 3.4 percent at the end of February, before taking out fees.
Over the 20-year life of SAC, the fund has returned an average of 25 percent per year and does best when markets are pressured.
News today comes following reports last week that SAC's CR Intrinsic Investors will pay about $616 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer’s drug being jointly developed by two pharmaceutical companies.
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Reuters pointed out Wednesday have Cohen's SAC Capital Advisors up 4 percent through early March, as confirmed by two people familiar with knowledge of the matter. The means Cohen is outpacing the average gain of 3.22 percent by all hedge funds. By comparison, the S&P 500 is up 9.1 percent in 2013 over the same period.
SAC was said to be up 3.4 percent at the end of February, before taking out fees.
Over the 20-year life of SAC, the fund has returned an average of 25 percent per year and does best when markets are pressured.
News today comes following reports last week that SAC's CR Intrinsic Investors will pay about $616 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer’s drug being jointly developed by two pharmaceutical companies.
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SAC Capital, Steven A. Cohen, Standard & Poor's, CR Intrinsic Investors, Hedge Funds
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