Julian Robertson, founder of Tiger Management and one of the most influential hedge fund managers of all time, died at the age of 90 – reported “The Financial Times”.
The British daily indicates that Robertson He passed away Tuesday morning at his Manhattan home due to heart complications. He reminds that the investment guru achieved legendary status both for his achievements in New York’s Tiger Management in the early days of the hedge fund industry, and for the dynasty of hedge fund traders known as “Tiger cubs”, which he created.
Bloomberg notes he was born in North Carolina The investor founded the New York-based company Tiger Management in 1980 with $ 8.8 million. He was then 48 years old, which is relatively long to start his own business. By mid-1998, the company’s assets had grown to around $ 22 billion. thanks to annual gains at an average of 32%, which earned him a reputation equal to that of George Soros.
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“If I were to give my money to someone of them, I would give it to Robertson,” admitted investor Jim Chanos, quoted by Bloomberg. – I knew that knows stocks better than anyone.
Robertson himself had assets estimated at around $ 4 billion.
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The company of a famous investor gave birth to dozens of “young” angry ones who learned the trade in Tiger before going on their own. His pupils created a new generation of superstars such as: Chase Coleman, John Griffin, Lee Ainslie, Andreas Halvorsen and Stephen Mandel.