Viking TMT portfolio manager Jim Parsons to depart
March 16, 2012
Tiger Cub and firm founder Andreas Halvorsen tells investors the decision was based on differences over how the firm is run.
Jim Parsons, a portfolio manager and management committee member of Viking Global Investors, is leaving the firm, according to a letter sent to investors yesterday by founder Andreas Halvorsen.
|| Andreas Halvorsen (Photo: Matthew Staver/Bloomberg)|
Nine-year Viking veteran Parsons’ decision to leave is due to differences he had with Halvorsen regarding the direction of the long/short equity shop. “We never like losing a team member, and when a respected partner cites differences in how we choose to operate the firm as one of his reasons for leaving, we pause and reflect,” said Tiger Cub Halvorsen in the letter.
Parsons managed about 15% of Viking’s exposure across the technology, media and telecommunications sector and financial and business service industries. Viking managed $13.47 billion in hedge fund assets as of January 1, according to the AR Billion Dollar Club.
“My willingness to drive initiatives and push...
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