A Tale of Two Hedge Funds

Advanced Trading – Steven Cohen’s SAC Capital may be under federal investigation and a cloud of bad press, but new investments continue to pour into its coffers while its performance remains robust. According to a report by the Stamford Advocate , the firm has secured $250 million from outside investors to be poured into its main fund.

So far this year its assets under management have climbed from $12 billion in January to nearly $14 billion as of June, a gain that includes contributions from Cohen, according to media reports. Meanwhile SAC’s flagship fund was up 9 percent at the end of May, even as the SEC mounted a probe of its own.

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