Robertson May Reopen Tiger As Seeding Firm

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.”


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.