SAC Capital Ups Stake In Gogo To 5.4 Percent

The hedge fund SAC Capital revealed an increase in its passive stake in the provider of in-flight Wi-Fi, Gogo Inc (NASDAQ:GOGO), in a recent 13G filing. Steve Cohen’s SAC Capital enhanced its stake in Gogo Inc (NASDAQ:GOGO) recently to become the third-largest shareholder of Gogo Inc. SAC Capital’s revelation comes as part of an SEC mandate to make a regulatory filing if an entity owns over 5% of a company. A highly successful trader Steven Cohen is considered one of the $2 trillion hedge fund industry’s best known and most successful traders. His 20-year old firm has generated an average annual…