Tiger Accelerator, the seeding fund launched by Julian
Robertson in 2011, started with a fizzle, losing 1.88% in its
first 18 months, but strong gains in the first six weeks of
this year have brought the fund back into the black.
Tiger Management reopened to outside capital after more than
a decade in 2011, quickly
raising $450 million from investors who wanted to join
Robertson in seeding a group of up-and-coming
Investors were eager to lock their money up for two years in
exchange for a cut of the fees--a blended rate of 8% of general
partner revenue--earned by the six long/short equity funds
working out of Tiger headquarters at 101 Park Avenue in New
"Tiger Management is one of the most prominent investment
management firms in the hedge fund industry,...