distractions

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]

  • 26 Jan 2011 at 3:55 PM

Russia: Hey! Look! Over Here!

President Dmitry Medvedev said Russia plans to create a “special sovereign fund” to attract foreign capital as he tries to shift investors’ attention from a deadly terrorist attack on Moscow’s busiest airport this week. “It may make sense now to think about creating a special sovereign fund that comprises state property and money to attract an array of private investments from abroad and within the country,” Medvedev said in an interview with Bloomberg Television today at the World Economic Forum in Davos, Switzerland. [Bloomberg]