Nothing corny about SAC's ethanol returns


Blame it on fear of $100-a-barrel oil or a 60 Minutes TV spot in May about ethanol catching on in Latin America. Either way, the prospect of someday filling your SUV's tank with corn syrup before heading off on a summer drive to the Hamptons seems to be a growing possibility - or at least, the folks at Steve Cohen's SAC Capital Advisors think so.

Regulatory filings with the U.S. Securities and Exchange Commission show that SAC is really filling up its portfolio with ethanol producers that are pumping out high-octane returns. Archer Daniels Midland is by far the