We at weird,weird,weird world want to apologize to our loyal readers (all three of you). We neglected to mention that there were rumors a couple of weeks ago that John Thaler's JAT Capital might be liquidating some positions because of big losses he took as some big momentum stocks plunged unexpectedly.
The $3 billion fund recently took a big position in Netflix, for example, which has seen better days.
But according to BusinessInsider JAT's performance numbers this year, which remain high, +31% YTD (-3.2% in September), dispel those rumors. Any losses he might have taken on Baidu, Wynn, and Sina, to name a few of his holdings that got hit, were offset by shorts Thaler took on Chinese Internet stocks.
JAT is now doing so well that it looks like everyone is passing around the fund's marketing document, because it was obtained by Bloomberg. Long story short: JAT trades telecom, media and technology companies, and is now also embracing trading consumer, industrial and gaming companies, which have driven the majority of profits this year, according to Bloomberg...
Read more at http://www.businessinsider.com/look-whos-laughing-now-as-john-thaler-is-up-31-ytd-2011-10
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