Sunday, 4 October 2015
Last updated 1 day 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.
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…