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

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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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Things Could Be A LOT Better At SAC Capital Right Now

Back in October, we detailed a list of things that, if you are the hedge fund manager who goes by the name Steven A. Cohen, you really don't want to hear first thing in the morning. They included: “The fleeces are on back order”; “Your ex-wife is in the lobby”; “There’s a photographer here who said he’s been authorized to shoot you wearing a king’s robe and crown for a set of playing cards”; “You’ve been outmaneuvered for the Toledo Mud Hens. But I hear the Binghamton Mets may be available.” Today we must update that list to include another thing, perhaps THE thing,* that people delivering news to Cohen don't want to relay. Paraphrasing but any variants on: "Mr. Cohen, we've received a Wells notice and by the way, they're considering naming you personally."