JAT Up 31% Through Sept.

Oct 13 2011 | 2:24am ET

JAT Capital Management has returned 31% through the first nine months of the year as the New York-based firm's short bets have paid off.

JAT dropped 3.2% last month. The $3 billion firm did post some big losses in its long book. But the firm's short bets helped offset those losses, Bloomberg News reports.

If JAT can hold on to most of those gains during the fourth quarter, it will post its third-straight year of double-digit returns. The fund rose 20% in 2009 and 11% last year.

That track record could prove useful if JAT decides to begin taking in new money again next year. The firm, whose assets have tripled this year, stopped taking new capital at the beginning of this month.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...