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.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note