Friday, 21 October 2016
Last updated 10 min ago
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.