Tuesday, 7 July 2015
Last updated 15 hours ago
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.'
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…