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Cohen’s SAC Capital hedge fund gains 20% for year: Source

CNBC – Billionaire investor Steven A. Cohen’s SAC Capital Advisors returned 20.1 percent this year, delivering some of the industry’s best returns, even as his hedge fund pleaded guilty to insider trading charges and prepared to return outside capital.

The fund reported to outside investors late Monday that it gained 1.88 percent between Dec. 1 and Dec. 27, a source familiar with the numbers said.

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