Hedge Funds Performance

Shorts help TigerShark devour its peers


The pain experienced by owners of financial and auto companies has been sweet gain for Tom Facciola, whose TigerShark Partners, one of Julian Robertson's Tiger Management seed funds, has been riding a wave of gains thanks in large measure to its shorts in those sectors.

TigerShark Fund netted 1.3% in January on top of its 8.2% gain in 2008. That compares with a median January gain of 0.37% for the Absolute Return U.S. Equity Index. TigerShark's remarkable result last year far outpaces the average long/short equity fund, which lost 20.07%. In 2007, TigerShark netted 48.2%. The fund ended