Are the offspring of Julian Robertson's Tiger Management genius investors or just buying the same stocks?
By Julie Dalla-Costa
Famed alumni of Julian Robertson's Tiger Management, as well as the numerous funds he seeds through a platform he started after closing his hedge fund shop in 2000, are haunted by one issue: "The persistent view is that we all own the same stocks," says Philippe Laffont, who left his role as telecom analyst at Tiger in mid-1999 to start his own firm, Coatue Management.
Last year's lofty returns by many of the 70-some-odd members of the extended Tiger family raised the collaboration issue - and a few eyebrows - once again. Like Coatue, which returned 51.5% to investors last year and now has $2.5 billion, many Tiger funds profited from their tech holdings in Google, Apple, RIM, Qualcomm and Baidu.com. Others, including Robertson himself, were among the coterie of hedge...