This is an article about the performance of SAC Capital’s top 10 positions. Even the biggest money management firms are not immune to allegations of insider trading. Just last year, Steven Cohen‘s SAC Capital Advisors was investigated by the SEC for insider trading by one of its employees. Luckily, the negative news did not prevent SAC Capital from delivering decent performance last year. Its flagship fund returned 8% net of fees last year, a year during which the whole hedge fund industry struggled.
So far this year, Cohen has continued his strong performance. Since the beginning of 2012, the largest 10 positions in SAC Capital’s 13F portfolio generated a weighted-average return of 19.07%, versus 9.89% for the S&P 500 index in the same period.
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