SAC Capital Partners

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Key Facts

Founded1992
Websitehttp://www.careers.sac.com
HeadquartersStamford, CT
Other OfficesNew York, Boston, Chicago, London, Hong Kong and Singapore
Employees800
AUM$14.0 billion
AUM as ofJuly 2008
StrategiesAsia, Long/Short

Overview

SAC Capital Partners is a hedge fund based in Stamford, CT with offices in New York, Boston, Chicago, London, Hong Kong and Singapore. It was founded in 1992 by Steve Cohen. They hold $14.0 billion in assets under management as of July 2008. Started with 9 employees and $25 million in assets under managementhttp://www.careers.sac.com. Now charges 3% a year + 50% (?!!) of profits compared to the usual 2 and 20.

24th largest hedge fund in Institutional Investor's 2008 Hedge Fund 100, up from 28th in 2007http://www.iimagazine.com/Rankings/rankingsHeFu100RGlobal08.aspx?LS=EMS204396

Historical Performance

2009 Returns (SAC Capital International)http://dealbreaker.com/2009/08/dear-sac-sisters.php
* Up 3.7% in January
* Up 3.3% in February
* Up 3.6% in March
* Down .8% in April
* Up 3.5% in May
* Up 2.12% in June
* Up 1.64% in July

2008 Returnshttp://dealbreaker.com/2008/12/this-can-all-be-turned-around.php
* SAC Multi-Strategy: -13%
* SAC Capital International: -19%

Returned 13% in 2007http://www.iimagazine.com/Rankings/rankingsHeFu100RGlobal08.aspx?LS=EMS204396

Returned 34% in 2006http://media.ft.com/cms/02fd5a42-f338-11db-9845-000b5df10621.pdf

SAC Capital International returned 28.11% in 2005

SAC Capital International returned 49.94% in 2004

SAC Capital International returned 17.7% in 2003

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