Jericho Capital Up 30% In 2012, Gains From Short Velti Position

Here is a hedge fund that we have never heard of, but judging by the year-end performance, it is one we should have. Jericho Capital generated a 24.4 percent net return last year. Jericho’s equity long/short strategy was successful on both ends with the long portfolio gaining 21.6 percent and the short portfolio returning +9 percent, on a gross basis. The firm has an increasing asset base of