Sunday, 29 March 2015
Last updated 1 day ago
Oct 10 2011 | 2:33pm ET
Julian Robertson's return to fundraising has been a success, as his reopened Tiger Management has raised the $450 million it sought for its new seeding fund just six months after launching it.
New York-based Tiger is now mulling a second round of fundraising for the Tiger Accelerator Fund, HFMWeek reports. Spokesman Fraser Seitel told HFM that the firm, which returned all outside money to investors in 2000, is now "considering what to do for an encore."
The money raised has been invested in six funds that Robertson himself had already seeded with $230 million. But "all options are on the table" for the future, Seitel said; it is unclear whether the same six funds would be the beneficiaries of a second Accelerator fund.
Most of the money raised came from U.S. investors, notably institutions and private wealth clients.
Robertson spent much of his 11 years on the sideline investing his own considerable fortune in hedge funds founded by former Tiger employees. Robertson is believed to have about $30 billion invested in 40 hedge funds.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…