Thursday, June 08, 2006

SAC Capital Controls 19.5% of Baidu

From Pacific Epoch:

"If you're wondering why Baidu's (NASDAQ: BIDU) stock was on such a tear during May, you will be interested to learn that, according to SEC Filings, hedge funds related to Steve Cohen's SAC Capital now own at least 19.5% of Baidu's outstanding shares, currently worth around US$225 million."