Now more than ever, selecting the right technology is critical to the successful operations of any organization. Given the advances in financial services industry, this is particularly true in the Investment Management and Hedge Fund industry. The fervent controversy surrounding Michael Lewis’ new book ‘Flash Boys’ illustrates how technology has become the most important competitive differentiator for hedge fund managers. Selecting the right IT services for hedge funds is critical to addressing investors’ growing desire for secure, robust and reliable infrastructure.
SoftBank Corp.’s abrupt decision to break off pursuit of wireless carrier T-Mobile US Inc. has shifted focus to how the Japanese company will turn around its U.S. Sprint Corp. unit without the deal, and what other acquisitions it might be planning. Full story is here
David Simon, founder and CEO of New York-based Twin Capital Management, spoke to Nathaniel Baker about his quarter century of investing experience and
why REITs and airlines are worth buying
Twin Capital Management LLC (“Twin”), a New York-based event-driven hedge fund firm, has appointed Daren Taubenfeld, CPA as chief financial officer. In his new role with Twin Capital, Mr. Taubenfeld will oversee the company’s accounting and financial reporting. William Wang, who previously held the post of CFO, will now concentrate on oversight of regulatory requirements and operations in his role as chief compliance officer.
Mr. Taubenfeld joined Twin Capital after more than seven years at Whippoorwill Associates as a controller. Previous posts include serving as an assistant controller for Sagamore Hill Capital Management and as a senior accountant for ING Alternative Assets.
Mr. Taubenfeld graduated from the University of Michigan with a B.B.A. in Accounting in 1995.
“Daren has an accomplished background in managing hedge fund accounting and operations. He will strengthen our back office operations and support our infrastructure as we continue to grow in size and assets,” said David Simon, Twin Capital’s founder and CEO.
Mr. Taubenfeld is the latest staff member to join Twin Capital, which has seen substantial growth since 2009. Recent hires include former employee Michael Horgan from Guggenheim Global Trading as senior vice president and Sarah Petner from Jeffries LLC as vice president.
Happy to see that another one of the predictions I made back in January regarding 2013 stock market trends proved accurate today. Here’s what I said on January 10, 2013:
“Facebook shares may trade up to the initial public offering price of $38 before the year is over as rumors of its demise have been greatly exaggerated.”
CNN reported that Facebook shares hit a high of $38.21 today.
The prediction I made regarding Apple’s stock price (US: AAPL) was realized before the end of the first quarter of 2013.
David Simon’s stock picks as reported by InsiderMonkey.