Hedge Fund Blow-Up Rumors Focus on This Momentum Fund

(updated below)

With the massive downdraft in momentum stocks today there has been speculation of a hedge fund blow-up. Those rumors now appear to be centered on John Thaler's JAT Capital. While we cannot verity if these rumors are true, the fund owns many of today's worst performers.

Some of his biggest positions includes:
Sina Corp (Nasdaq: SINA) down 10%
Priceline.com (Nasdaq: PCLN) down 6%
Baidu (Nasdaq: BIDU) down 10%
Wynn Resorts (Nasdaq: WYNN) down 10%
Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) down 9%
NetFlix (Nasdaq: NFLX) down 12%
Molycorp, Inc. (NYSE: MCP) down 5%.

You can see the entire portfolio here.

UPDATE:
Sources suggest rumors that JAT Capital is having liquidation or
performance issues, as earlier Wall Street rumors suggested, are
patently false. In fact the source is saying the performance of the
fund has been exactly the opposite.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Marriott Vacations Worldwide (VAC) ticks higher on new activist investor
• The Arena Group Holdings (AREN) Appoints Sara Silverstein as CEO
• FREYR Battery (FREY) Appoints Todd Kantor, Tore Ivar Slettemoen, and David Manners to its Board