Robertson Calls Hedge Funds 'The Antithesis Of Baseball'

Jun 12 2013 | 9:39am ET

The hedge fund industry couldn't be more different from baseball—and that's a good thing, according to Julian Robertson.

"Hedge funds are the antithesis of baseball. In baseball, you can hit 40 home runs on a single-A-league team and never get paid a thing," he told Forbes Magazine. "But in a hedge fund, you get paid on your batting average. So you go to the worst league you can find, where there's the least competition."

Robertson said that has been his guiding principle, "buying into forgotten markets."

"I suppose if I were younger, I would be investing in Africa," Robertson said.

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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…