Tigers ... together?

Wed Jul 30, 2008

The success of the offspring of Julian Robertson’s Tiger Management continues to raise the question: Are they all in the same positions? After all, the 70-odd funds account for 11% of global equity hedge funds.

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...


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