Investments
SAC began as a trading-oriented firm, focused on trading liquid, large cap stocks. Over the years, they have branched out into fundamental and quantitative strategies. The group manages $14 billion in assets across four independent portfolios, each with distinct mandates. Although larger multistrategy funds exist, in absolute terms SAC's long-short strategies and capital flow make it an influential price-setting hedge fund in equities. The company has branched out into alternative investment strategies including private equity and emerging markets through expansion.
According to Bloomberg BusinessWeek magazine, SAC Capital Advisors routinely accounts for as much as 3% of the New York Stock Exchange's average daily trading, plus up to 1% of the NASDAQ's—a total of at least 20 million shares a day. Average trading volume rivals Fidelity Investments and Capital Research and Management. The fund is widely known to pay brokers the highest commissions of any equities-focused investment group. In addition to the firm's numerous short-term trades, SAC reportedly has a considerable longer-term stake in Google and search engine Baidu, controlling 19.5% as of 2006.
Read more about this topic: SAC Capital Advisors
Famous quotes containing the word investments:
“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)