David Simon – Twin Capital CIO focused on Event-Driven Investing

Established hedge fund manager David Simon has guided his firm Twin Capital Management, LLC for three decades. Serving as CIO of the funds, he is responsible for the full range of portfolio management activities, including investment research, securities selection and portfolio construction. Focused on transformative events such as mergers, litigation plays, restructurings and spin-offs, David Simon and his dedicated team of senior investment professionals have achieved consistently positive results over the years.

His annual performance track record has resulted in a number of industry recognitions, including several HFM Week US Performance Awards. In addition to four merger arbitrage awards in the past five years, he received the long/short equity HFM US Performance Award in 2016. According to HFM Week, the annual HFM US Hedge Fund Performance Awards are an evening of recognition and reward for those hedge funds and fund of hedge funds that have outperformed their peers over the past 12 months.

David Simon has a background in corporate law and attended the University of Miami School of Law graduating magna cum laude. He was a member of the school’s Law Review and practiced as a corporate attorney before transitioning to a career in finance.

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Two-Year Chase Siphoned Money and Resources

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

My prediction:  and -these proposed deals are dead for at least 9 months to a year-$S maybe forever.

 

Twin Capital Management Names Daren Taubenfeld as Chief Financial Officer

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.

January 2013 Facebook Stock Market Prediction Proved Accurate Today

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.