Tough Times for Several of the SAC PAC

Hedge funds with roots to Steven Cohen’s SAC Capital have shut down while others are struggling to perform.

Steven Cohen (Scott Eells/Bloomberg)

Steven Cohen

(Scott Eells/Bloomberg)

Hedge funds with roots to Steven Cohen’s SAC Capital are struggling to perform in long-short equity.

Although in 2017 the stock market and hedge funds had their best year since 2013, at least two of the so-called SAC PAC firms have shut down, while many others have had trouble distinguishing themselves in the highly competitive area of long-short equity.

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