JAT Capital Stops Reporting Results

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.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...