SAC Capital up 4 percent this year as probe continues
By Svea Herbst-Bayliss and Katya Wachtel BOSTON/NEW YORK (Reuters) – Hedge fund titan Steven A. Cohen’s SAC Capital Advisors has gained about 4 percent this year, beating the industry average at a time the $15 billion fund is still very much in federal investigators’ crosshairs. An investor with the Stamford, Connecticut-based fund said the firm’s flagship portfolio had risen about 4 percent through early March. Another person familiar with SAC Capital’s performance confirmed the 4 percent figure. While SAC Capital is beating the average hedge fund return of 3. …
http://news.yahoo.com/sac-capital-4-percent-probe-continues-181159102–sector.html
Federal Reserve sees slow recovery for years to come
The Federal Reserve trimmed its forecast for economic growth in 2013, but said Wednesday that it’s a bit more optimistic that the unemployment rate will decline.
http://rss.cnn.com/~r/rss/money_latest/~3/gIxNQOrLSFE/index.html
UK sticks with austerity as growth forecast cut
Britain said Wednesday it would further tighten the screws on general government spending as officials forecast weaker growth and higher borrowing than just three months ago.
http://rss.cnn.com/~r/rss/money_latest/~3/r0kOE5YkFjw/index.html
Impact of “sequester” budget cuts on jobs may be exaggerated
WASHINGTON (Reuters) – Deep government spending cuts are unlikely to weigh on employment as heavily as initially feared, with most of the impact reducing hours worked rather than payrolls, according to economists.
http://feeds.reuters.com/~r/Reuters/domesticNews/~3/2S5EIFGkue0/us-usa-economy-jobs-idUSBRE92J0WX20130320