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.