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Tiger seed Sabretooth in liquidation

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Once an industry darling, Erez Kalir and Craig Perry's macro firm abruptly shuts following losses and management issues.

   
   Erez Kalir
(Photo: Gabrielle Revere)
Sabretooth Capital Management, the fast-rising macro fund seeded by Julian Robertson's Tiger Management in 2009, is shutting down following losses and portfolio management disagreements between co-founders Erez Kalir and Craig Perry.

"We have taken the painful decision to dissolve the fund," Kalir and Perry wrote in a brief email to investors on April 27. "We are deeply grateful for the opportunity that each of you has given us to be your partner...We are gravely disappointed to leave you with this result on the back of a down year, but trust