During 1980, Julian Robertson Jr. founded The Tiger Management Group using financial support of their family pals and colleagues. He started his company with $8.8 million and his efforts and fortune aided his firm become one of the top detailed companies in the world. At one point, The Tiger Management Group oversaw $22 billion and delivered yearly comes back over 30percent. After a run of bad luck, the fund closed once and for all during 2000.
While at Tiger, Robertson built rack squad of so-called “Tiger Cub” stock choosing protégées. Whenever shut Tiger permanently during 2000, these Tiger Cub traders he taught proceeded to found lots of the world’s biggest & most effective hedge funds. Robertson aided start the professions of several his Tiger Cubs, providing seed capital or early investment money to about 40 hedge funds.
Now, Tiger Cubs control around 50 of this world’s top hedge resources, including Stephen Mandal’s Lone Pine, Andreas Halvorsen’s Viking, Rob Citrone’s Discovery Capital Management, Philippe Laffont of Coatue Management and Lee Ainslie of Maverick Capital.
Today in their 4th generation, Tiger Cub resources manage around $155 billion, therefore the group keeps growing in complexity. Divided by generation, Tiger Management is the first generation; a Tiger Cub, the next generation set of funds; Tiger Grand Cubs, the 3rd generation; and Tiger Seeds, the fourth generation of strategy.
Tiger Cub tradition
Therefore the managers all will stick to the same strategy, long/short equity set down by Robertson at Tiger control. “The very first thing is, may be the management good and honest?” Robertson stated into the interview. “A countless individuals don’t actually worry about that. The Best Way To look into this is certainly to-do some diligence.” After that Robertson outlined their 2nd aspect. “Competitiveness. Is he a competitor?”