JAT Capital Management
| Private | |
| Industry | Investment management |
| Founded | 2007[1] |
| Founder | John A. Thaler |
| Headquarters | Greenwich, Connecticut - United States[2] |
| Products | Long/Short Equity Hedge funds and Long Equity Strategies[3] |
JAT Capital Management is a multi-billion-dollar global equity investment firm that invests in the telecommunications, media and technology, travel, leisure and gaming sectors using a fundamentally-oriented, private-equity-style investment approach.[2][4][5]
Background
JAT Capital is a multi-billion-dollar global equity investment firm based in Greenwich, Connecticut.[2] The firm was founded in 2007 by John A. Thaler, who is known within the hedge fund industry as a Tiger grand-cub, after previously working with Tiger cub Chris Shumway at Shumway Capital, who worked under Julian Robertson at Tiger Management.[1][6] According to Institutional Investor’s Alpha, Tiger Cubs and Tiger Grand-cubs are some of the best-known, long-short managers and stock pickers in the hedge fund industry.[1]
JAT Capital was ranked as the 17th best performing hedge fund in Bloomberg’s 2013 “Top-Performing Large Hedge Funds” list.[7]
On May 11, 2015, JAT Capital returned $1.7 billion to investors and converted to a family office.[8]
Investment process
JAT invests both long and short in U.S. and global equities.[9] The firm’s investment teams use a bottom-up research process that focuses on developing investment theses versus individual stock ideas.[3] The firm identifies businesses that are undervalued and overvalued and tends to hold long positions for two years or more and short positions for three to twelve months.[4]
Management
John A. Thaler, JAT Capital’s Founder and Portfolio Manager, received his bachelor’s degree in economics at the University of Chicago and then became a banking analyst at Merrill Lynch & Co. and an associate at private-equity firm Spectrum Equity Investors LP.[10][11] Thaler joined Chris Shumway’s Shumway Capital Partners LLC at its inception in 2002 as an analyst covering telecommunications, media and technology.[3] He went on to manage the SCP Omni Fund before leaving in 2007 to open his own hedge fund with start-up capital from Chris Shumway.[11]
Kenneth Palumbo is the President and Chief Operating Officer of JAT Capital. He previously worked with Thaler at Shumway Capital Partners, where Palumbo was a Partner and Chief Operating Officer.[11][12][13]
References
- 1 2 3 Stephen Taub (January 9, 2014). "How the Tiger Cubs Stacked Up in 2013". Institutional Investor’s Alpha.
- 1 2 3 "Hedge Fund - Jat Capital Management". Insider Monkey. Retrieved February 20, 2015.
- 1 2 3 Kelly Bit (October 12, 2011). "JAT Capital Said to Jump 31% This Year on Market-Neutral Bets". Bloomberg Business.
- 1 2 "JAT Capital". Hedge Fund Letters. February 18, 2015.
- ↑ "JAT Capital Management". JATCapital.com. Retrieved February 22, 2015.
- ↑ "The Tiger and His Cubs". The New York Times. July 30, 2012.
- ↑ Tim Loh (January 8, 2014). "Three Greenwich hedge funds among 2013′s best". Connecticut Post.
- ↑ Juliet Chung and Bob Copeland (May 11, 2015). "JAT Capital Management Returning Investor Money". The Wall Street Journal.
- ↑ "JAT Capital is Doing Well... Real Well". StreetInsider.com. October 12, 2011.
- ↑ "John Thaler's JAT Capital Boosts Green Mountain Coffee Roasters (GMCR) Stake". Market Folly. December 17, 2010.
- 1 2 3 "Executive Profile John Anthony Thaler". Bloomberg Business. February 23, 2015.
- ↑ "Executive Profile Kenneth Francis Palumbo". Bloomberg Business. February 23, 2015.
- ↑ Lawrence Delevingne (December 9, 2010). "Shumway restructures, investors allowed out". Institutional Investor (magazine).
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