Sunday, 31 July 2016
Last updated 1 day ago
Apr 16 2012 | 1:30pm ET
The latest Tiger cub is more like an artic fox.
Tiger Management has seeded a new hedge fund helmed by the former head of Norway's sovereign wealth fund. Tiger, headed by ur-seeder Julian Robertson, is backing Trient, an asset manager bought last year by Knut Kjær and Dag Løtveit.
New York-based Tiger will take a share of the fees earned by the new global macro hedge fund, the Financial Times reports, although precise details of the agreement were not available.
"Teaming up with Julian Robertson and Tiger gives us a flying start," Kjær told the FT.
Kjær helped set up and ran Norges Bank Investment Management, which oversaw some US$600 billion of Norway's pension and foreign exchange reserves. He left the group in 2008. Løtveit was global head of allocation strategies at the SWF.