Legal problems haven't stopped
Reuters' Katya Wachtel reports that, as of Friday, the hedge fund is up 13% YTD.
STEVEN A. COHEN'S SAC CAPITAL ADVISORS GAINED ROUGHLY 13 PERCENT AS OF FRIDAY - source
- Katya Wachtel (@katyawachtel) September 25, 2013
According to reports, SAC Capital, helmed by its billionaire founder
In the meantime, it's business as usual.
Now, 13% still doesn't beat the S&P 500, which is up 16% YTD, but 13% is a nice number when you compare to the numbers
This summer Reuters reported that Pershing Square, Bill Ackman's hedge fund, was up 4% year to date.
Forbes has Greenlight Capital, David Einhorn's hedge fund, up 7.9% as of this summer.
SAC's numbers are getting beaten by another peer's though. Dan Loeb's Third Point has returned 15% YTD, according to Forbes.