Hedge Funds

Julian Robertson lends clout, capital to new fund of funds venture

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Hedge fund legend Julian Robertson and hedge fund investing pioneer Mark Yusko have teamed up to launch what is expected to be one of the most sought-after fund of funds launches ever.

Tiger Select Fund Management is a joint venture between Robertson and Morgan Creek Capital Management, the Chapel Hill, N.C. hedge fund investment advisory firm founded last year by Yusko, the former chief investment officer of the University of North Carolina's endowment. Since its formation, the firm has attracted other members of Yusko's team at UNC, including Michael Hennessy.

In July, the new firm is expected to launch