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.

Twin Capital Manager David Simon’s top three stock picks – Marketwatch

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 Continues to Grow its Team and Assets

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.

2013 Market Prediction

One of my predictions for 2013 came true before the first quarter was even up. I said in January that Apple’s (US: AAPL) stock price is likely to drop to $420 before it reaches $700 again. I also noted that margins will likely get squeezed throughout the year, and its ability to create new and innovative products could slow considerably. The day I made the prediction AAPL opened at $528. On March 4, 2013 AAPL trading hit a low of $419 – in the face of a market that increased by 6.94% over that same time period.

2012 Young Jewish Professionals Finance and Hedge Fund Summit.

Attendees of the 2012 Young Jewish Professionals Finance and Hedge Fund Summit. david simon twin capital

From left to right: Russell Gross, vice president, JP Morgan; David Simon, founder and chief executive officer, Twin Capital Management; William Wang, chief financial officer, Twin Capital; and Vadim Levin, director, Taylor Investment Advisors, LP.