Since March'09 low, TIE has been traded ("channeled")
TIE Chart
http://i45.tinypic.com/
Looking at this chart, it is not surprising as to why the leading quantitative hedge fund, Renaissance Technologies, has been accumulating TIE shares -- according to the latest filings; Renaissance has added 933,131 (138%) TIE shares (currently holds 1,611,293 TIE shares).
Renaissance Technologies is a NY-based hedge fund started by mathematician Jim Simons in 1982. The fund is considered in the industry to be one of the most successful hedge funds. As of end of 2009, funds in Renaissance Technologies were valued at $27.1 billion.
Other notable additions (to name a few):
State Street added 3,308,339 TIE shares (currently holds 6,225,524 TIE shares)
Morgan Stanley added 259,396 TIE shares (currently holds 1,143,303 TIE shares)
Deutsche Bank added 774,721 TIE shares (currently holds 957,689 TIE shares)
The Masters of the Universe (aka Goldman Sachs) added 228,634 TIE shares (currently holds 649,561 TIE shares)
