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SAC Capital Up 9%, Beating Investors Off With A Stick

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So suck it Chuck Grassley, Fred Wilpon, anonymous asshole, Fred Wilpon, Kim Kardashian, Fred Wilpon, the 3rd grade teacher who wrote that "Little Stevie doesn't apply himself," Fred Wilpon, the cocksuckers at the Norwalk Wendy's who despite instructions to leave the tomato off of his grilled chicken sandwich still throw one on there every single time, Fred Wilpon, Biovail, Fred Wilpon, the other, much less important Steve Cohen who fucks up his Google Alerts, Fred Wilpon.

The Stamford, Conn.-based hedge fund giant, currently the subject of at least four insider-trading investigations, continues to roar along in spite of those travails. SAC's flagship hedge fund is up 9% this year through May. And investors continue to flock to the firm, pouring $250 million into its main fund this year.

That inflow, which does not include money invested by firm founder Steven Cohen or other SAC employees, has pushed SAC's assets up by about $2 billion this year, to $14 billion. It also has the firm mulling a stop to them: SAC told clients last month that it might close the fund to new investments.

SAC Up 9%, Takes In $250M Through May [FINalternatives]