Monday, 27 April 2015
Last updated 2 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.'
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…