Robertson Cautions Against Betting On 'Disaster'

Oct 26 2012 | 1:48pm ET

Tiger Management founder Julian Robertson thinks hedge funds that have positioned themselves for a “disaster” may be in for one themselves.

“I think right now they are all scared; they have made a mistake. They are really only going to be profitable in the event of a big disaster,” Robertson told Bloomberg TV.

Robertson established Tiger in 1980 with $8 billion and saw assets peak at $22 billion in 1998. The fund delivered average annual returns of 30%. Robertson is equally well known for having launched the careers of star managers like Lee Ainslie of Maverick Capital and Stephen Mandel of Lone Pine and for seeding the so-called 'tiger cubs.'

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…