Wednesday, 17 September 2014
Last updated 1 hour ago
Oct 17 2011 | 9:41am ET
Maybe he just doesn’t like blowing his own horn, but John Thaler, whose JAT Capital reported a 31% YTD gain in September, has stopped reporting performance numbers to HSBC’s Private Bank.
The global long/short equity manager did lose 3.2% in September, but that was a paper cut compared to the wounds inflicted on other funds and still left Thaler at the top of the HSBC industry rankings.
Reuters, noting Thaler's absence from Friday's hedge fund update from HSBC, points out that while it's not unusual for hedge fund managers to stop reporting numbers to industry databases, it usually happens when they’ve been losing money over a long period.
Thaler’s spokesman refused to comment on the move, but analysts polled by the news agency suggested Thaler may have stopped raising money or does not want to attract further attention to his fund.
JAT Capital’s AUM have more than doubled in the past year to $2 billion. Thaler launched his fund 2007 with startup capital from hedgie Chris Shumway, but it didn’t hit most investors’ radar screens until 2009, when it posted a 20% gain.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?