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Netflix Short Was Hedge-Fund Manager Tilson’s Biggest 2010 Loser

Whitney Tilson, co-founder of hedge fund T2 Partners LLC, said Netflix Inc. was his biggest loser in 2010, less than a month after the movie-rental company’s chief executive officer publicly asked him to stop betting against it.

T2 Partners, based in New York, incurred “significant losses” in its short portfolio for the second year in a row, according to a Jan. 4 annual letter to investors obtained by Bloomberg News. Tilson indicated he would stick with the holding even though it’s been a money loser.