Steven A. Cohen is exiting the hedge-fund stage with a 2013 performance that is ahead of the pack. As the beleaguered hedge fund manager's SAC Capital Advisors prepares to return outside money and manage only its billionaire founder's cash beginning next month, it is closing in on a banner year relative to its peers. The firm's flagship fund is up more than 20% through Dec. 27, a person familiar with its returns confirmed. Just this month, the fund is up approximately 2%, the person said. The median multistrategy hedge fund was up 9% through the end of November, according to the Absolute Return Multistrategy Index. [WSJ]
Market Selloff Ain't Got Nothin' On Little Steve Cohens
2015 has been good to Little Steve's Hedge Fund Achievers.