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SAC CAPITAL DOWN IN APRIL, UP 10% YTD

SAC Capital’s flagship fund was down 0.8% in April, but is still up 10% YTD. FIN Alternatives said:

SAC Capital’s flagship fund hit a speed bump in April, falling 0.8%, but the fund is still up a strong 9.9% this year, according to figures obtained by Wall Street tabloid Dealbreaker.

Last year the fund, SAC Capital International, took it on the chin, falling 18.7% through mid-December. The firm’s multi-strategy fund faired a bit better, dropping 12.8% during the same period.

Steven Cohen’s SAC Capital now has $14 billion in assets under management, according to the firm’s Web site.  Forbes magazine recently ranked Cohen as one of the top 100 richest men in the United States, with a personal fortune of $5.5 billion.

Hedge funds haven’t bought into the rally yet.  If and when that occurs we could see the market get wildly exuberant.

2 comments
  1. Avatar
    E

    “if and when”

    are you kidding me

    the funds are salivating

    its time to short the banks again

    fish in a barrel

  2. Avatar
    Onlooker

    You’re scaring me TPC. If this gets any more exuberant I’m gonna lose my mind.

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