SAC streaks ahead


While not flying as high as during the good old days of the last bull market, Steve Cohen's SAC Capital Management glided ahead convincingly in the first quarter. The SAC Capital Advisors portfolio gained about 3% in the first three months of 2003, once again showing that Cohen's distinct trading style can bring home the goods even during periods when many other long/short styles and strategies are left struggling.

Some of the SAC's documented trades of late have been Blockbuster, Denny's, BGI, Gene Probe Inc., Incara Pharmaceuticals and New Frontier Media, according to the most recent Securities and Exchange