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.
In this column, Meena Krishnamsetty shares a trio of stock picks by David Simon of Twin Capital, who demonstrated that he can generate an annual alpha of around 7 percentage points per year. Twin Capital’s annual returns ranged between 6.5% and 13.2% for the years between 2008 and 2012. For full article, click here.
Twin Capital Management LLC, a New York-based event-driven hedge fund firm, has appointed Sarah Petner as vice president. In her new role with Twin Capital, Ms. Petner will report to Kevin Gahwyler, COO/Director of Business Development, expanding Twin’s capabilities in marketing and investor relations to keep pace with the considerable growth Twin has experienced over the last year.
“We are excited to welcome Sarah to our team,” said David Simon, Twin Capital’s founder and CEO. “We are confident Sarah will maintain our high quality investor contact as we continue to execute our growth strategy.”
Before joining Twin Capital, Ms. Petner served as an associate in the capital introductions team at Jeffries LLC. She also served as a consultant at FactSet Research where she was one of six investment professionals managing a $400 million long/short fund. Ms. Petner is a graduate of Tulane University with a Bachelor’s of Arts in Political Science and Economics.
In addition, Twin Capital has added Yoav Stramer as an assistant trader. Mr. Stramer will report to Sean Spillman, Head of Trading. Prior to joining Twin Capital Mr. Stramer worked as a trader on the ETF/Quantitative trading desks at UBS Securities. Mr. Stramer is a graduate of University of Iowa with a Bachelor of Business Administration in Finance.