SAC Capital
SAC is a multi-strategy, private asset management firm founded by Steven A. Cohen. He founded SAC in 1992 with 9 employees and $25 million in assets under management. As of September 2007, the firm had grown to over 800 employees with approximately $14 billion in assets under management.
SAC's initial investment style was "trading" oriented. However, the firm has evolved into a multi-strategy, multi-disciplinary, investment management firm emphasizing rigorous research and risk management practices.
SAC's investment strategies include, but are not limited to: Fundamental and Technical Long/Short Equity Portfolios, Global Quantitative Strategies, Fixed Income and Credit, Global Macro Strategies, Convertible Bonds, and Emerging Markets.
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Cohen's SAC Capital Shows Raised Stakes in Apple (AAPL), Microsoft (MSFT), Gap (GPS), DirecTV (DTV), Genzyme (GENZ)
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Quarterly Data Confirms Hedge Funds Exited Stocks In A Big Way
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Some Hedge Funds Still Raising Money-SAC, Greenlight, Elliott Mgmt & Brevan Howard
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Top 10 News Items 10/13-10/17: Treasury to Directly Buy Up to $250B in Financial Stocks; Volatility Dominates the Markets; Buffett Sticks His Neck Out with 'Buying American. I Am.' Article
