John Thaler's JAT Capital Is Getting Hammered This Year

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Photo: slight clutter on flickr

John Thaler, the founder of tech-based long/short equity hedge fund JAT Capital, was one of the best performing hedge fund managers in the world last year ending a volatile 2011 up 12.7%.  And at one point last year everyone on The Street was talking about how Thaler was up more than 30% YTD

This year it has been a completely different story.

Dealbook reports that Thaler’s JAT is down ~20% so far this year, according to internal documents from the fund. 

According to the report, those losses are tied to his long bet on Tempur-Pedic and his shorts on Alibaba.com and Weigh Watchers.

Still, the year is only half way over.   

Thaler was a star at Chris Shumway’s fund Shumway Capital Partners where he worked as a tech analyst and eventually a portfolio manager before it closed in 2010.

He left Shumway in 2007 to found JAT Capital with $200 million, the report said.  JAT currently has $2.3 billion assets under management. 

SEE ALSO: High-Flying Hedge Fund Manager John Thaler Is Selling His Upper East Side Apartment For $6.4 Million >

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