Hedge Fund - Zweig Dimenna Partners

Joe Dimenna Bio, Returns, Net Worth

Martn Zweig and Joe DiMenna founded Zweig-DiMenna Associates in 1984. Zweig-DiMenna returned around 90% between 2006 and 2010. However, their recent performance isn't great. In 2008, their loss was nearly 6%- which is much better than an average hedge fund’s. In 2009, they lost 3.5% when everybody else was recouping their 2008 losses. Over the first 11 months of 2010, their loss was close to 3%.

Martn Zweig and Joe DiMenna founded Zweig-DiMenna Associates in 1984. Zweig-DiMenna returned around 90% between 2006 and 2010. However, their recent performance isn't great. In 2008, their loss was nearly 6%- which is much better than an average hedge fund’s. In 2009, they lost 3.5% when everybody else was recouping their 2008 losses. Over the first 11 months of 2010, their loss was close to 3%.

Zweig-DiMenna usually have a gross long exposure of 95% and a gross short exposure of 40%. So they’re 55% net long on the average. They say their long bias usually range between 25% and 85%. Considering they had 180 stocks in their 13F portfolio and probably short sell a similar number of companies, clearly they aren’t placing their bets randomly. They systematically manage to buy the losers and sell the winners during the past couple of years.

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Joe Dimenna
Fund Profile
Showing:
Fund Holdings Sector Distribution
Fund Name: Zweig Dimenna Partners
Manager Joe Dimenna
Portfolio Value $2,727,115,000
Change This QTR +1.11%
Showing:
Sorted by:
No. Security Ticker Shares Value (x$1000) Activity % Port
1.) GOOG 96,698 $108,370 +24% 3.97%
2.) V 354,095 $78,850 +65% 2.89%
3.) GM 13,501,546 $74,259 -10% 2.72%
4.) QQQ 830,000 $73,007 2.67%
5.) PCLN 59,205 $68,820 +7% 2.52%
6.) AAPL 108,771 $61,023 -6% 2.23%
7.) DG 927,332 $55,937 +14% 2.05%
8.) AIG 1,071,323 $54,691 +107% 2%
9.)
Ishares Trust
1,265,300 $48,550 1.78%
10.) FOXA 1,274,640 $44,829 +86% 1.64%
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