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.
David Simon, founder and CEO of Twin Capital LLC, attended Solving Kids’ Cancer annual Spring Celebration on May 7, 2013. The event was a memorable and poignant evening celebrating children and the renewal of spring, while underscoring Solving Kids’ Cancer’s core vision that “every kid deserves to grow up.” Spring Celebration raises significant funding for the creation of new treatment options for children with cancer.
CNBC’s Jane Wells talks to Herbalife shareholder David Simon of Twin Capital about why he still likes the company. Watch the interview here.
David Simon, founder of the David Simon Foundation and hedge fund Twin Capital Management LLC, and Scott Kennedy, co-founder of Solving Kids’ Cancer, attend Solving Kids’ Cancer Toast to Spring Celebration in New York on April 11, 2013. The wine reception honored Spring Celebration committee members.
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.
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.