Monday, 26 September 2016
Last updated 1 hour ago
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.