Wednesday, 24 August 2016
Last updated 2 hours ago
Jul 22 2010 | 1:47pm ET
Julian Robertson has seeded a fair number of hedge fund since walking away from his own legendary shop 10 years ago. But the 78-year-old may be taking that practice professional and may reopen the New York-based firm as a seeding operation.
Robertson shut down his hedge fund in 2000, and has spent the intervening decade seeding hedge fund managers that once worked for him, the so-called “Tiger cubs.” Tiger Management now manages only Robertson’s own considerable fortune.
Now, six weeks after the death of his wife of 38 years, Robertson is considering a comeback. Tiger may launch either a seed fund or a fund of early-stage hedge funds, The Wall Street Journal reports. Robertson this week promoted his youngest son to managing director and hired a new chief operating officer.
No firm decisions have been made. But Robertson himself seems more interested in remaining in the background and letting his son, Alex, and new COO John Townsend run the show.
“I’m engaged, but I have a lot of faith in them,” Robertson told the Journal. “I respect their judgment, which makes it a lot easier for me not to be on the scene.”