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January Could Have Been Worse But It Also Could Have Been Better At SAC Capital

Hedge fund SAC Capital, still fighting distractions on multiple fronts, churned out a modestly positive January with returns of about 2.5 percent, say two people familiar with the matter. SAC’s returns, which came during a month in which the Standard & Poor’s 500 rose 5 percent, followed a standout 2012 in which the firm’s main fund, SAC Capital Partners, was up 13 percent. SAC Capital’s January performance also lags that of other prominent stock-trading funds, including Omega Advisors and Jana Partners, both of which were up about 5 percent, according to people who have reviewed their numbers.
[CNBC]

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One Response to “January Could Have Been Worse But It Also Could Have Been Better At SAC Capital”

  1. Guest says:

    It's cold in January, so the SAC is usually in a guarded position.

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