Friday, 24 June 2016
Last updated 1 hour ago
Jul 21 2010 | 10:54am ET
Tiger Management founder Julian Robertson is taking steps to ensure the legendary hedge fund stays in the family.
Robertson promoted his son, Alex, to managing partner, and added a second new managing partner, John Townsend, who also takes over as chief operating officer. Both are charged with working with Julian Robertson to manage the Tiger funds and oversee the many Tiger “cubs” the firm has seeded.
“The opportunity to partner with Julian and Alex Robertson as we build this extraordinary investment management business is extremely exciting, especially at such an interesting time in the evolution of the hedge fund industry,” Townsend said.
Townsend succeeds Aaron Stern, who will remain a senior adviser to Tiger, as COO. He is currently a senior adviser to Stone Point Capital and a member of the Riverstone Group, and has worked at Donaldson Lufkin & Jenrette and Goldman Sachs over the course of a three-decade career in finance.
Alex Robertson has worked for his father’s firm for almost two years, joining Tiger after receiving his MBA from Stanford University.