Viking TMT portfolio manager Jim Parsons to depart
By Lawrence Delevingne
Fri Mar 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 (Photo: Matthew
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
AR Billion Dollar Club.
"My willingness to drive initiatives and push...
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