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.


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