SAC and Pequot buck the market slide

Sun May 1, 2005

March was a particularly tough month for both the broad markets and for hedge fund managers in general. The S&P 500 posted a 1.77% loss, which contributed to its quarterly loss of 2.15%. Fixed-income markets also finished the quarter with losses, making it difficult for hedge fund managers to find profitable investment opportunities. Some hedge funds took big hits on pharmaceutical stocks, as two drug makers saw a dramatic plunge in their...

ISSN: 2151-1845 / CDC10004H

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