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SAC Capital Did Pretty Okay For Itself Last Month

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So that's something.

SAC Capital Advisors LP put up solid performance in June, a month that confounded many hedge funds amid uncertainty over the impact of Federal Reserve policy, and wild rides in stock and bond markets. SAC’s biggest fund, called SAC Capital International Ltd., was up 1.5% in June, bringing its 2013 gain to about 7.7%, according to figures provided by SAC to hedge-fund investors. The smaller onshore version of the fund, called SAC Capital Management, was up 1.6% last month, bringing its 2013 gain to 8.2%, SAC figures show...The strong returns at SAC came as hedge funds broadly slipped in June—many were down 1% to 2% for the month, according to investors—and as SAC itself hunkered down.



Dan Loeb Did Pretty Okay For Himself Last Month

He's got a fallback career as a ghostwriter of letters that will cause the recipients to piss their pants in fear but for now it looks like this whole hedge fund manager thing is panning out pretty well.