Monday, 2 March 2015
Last updated 38 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…