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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of