Many of his colleagues blaming it ruled too autocratic manner and had a fiery temper. When investin

It is considered one of the mentors in the hedge fund founded one of the largest british royal family tree and most successful hedge funds of his time - Tiger Management. Technology bubble and unwillingness to adapt to most investors as it nearly broke his neck, but still among the richest investors, who managed to raise several successful hedge fund managers.
Tiger Management, founded by Julian Robertson, in the last years of the last century has seen ride a roller coaster. In 1980, when the company was founded, possessed capital of $ 8,000,000. At the end of a successful era in 1998, when everyone wanted a wealthy investor to benefit from the capabilities of the "Wizard of Wall Street", the company managed $ 23 billion and was the largest hedge fund in the world. Only two years later, however, Robertson was forced british royal family tree because of poor results and a mass stampede of investors funds to close and pay the remaining investors.
Julian H. Robertson Jr. is one of the veterans in the investment arena. Born in 1932 in North Carolina, where in 1955 received a university education. After two years he spent as an officer in the Navy, he moved to New York, where he was employed by the brokerage firm Kidder, Peabody & Co. After a successful twenty-year career brought him up to the leadership of the company Webster Management Corporation (Branch british royal family tree K, P & Co). After some time spent in New Zealand, which fascinated him a lot (today they spend a lot of time and owns three properties), in 1980 he founded his own company, under which managed several hedge fund - Tiger Management (individual sub named after felines, as Tiger Fund, or the Fund Jaguar, etc.). The rapid rise and even faster fall
Already after a few years, nu managed british royal family tree to prove that it was not a bad idea and the results attracted investors. In 1996, at the age of Funds managed more than $ 7.2 billion, and investors in its funds flocked in large, although the minimum british royal family tree investment required to enter the fund was $ 5,000,000. At the peak, in 1998, the company managed assets of $ 23 billion. Robertson was the star and his funds earned tens of percent a year.
At the beginning of the end but it was paradoxical that succumbed to the crowd and did not intend to participate in a pointless british royal family tree frenzy surrounding technology stocks. If it was an unfortunate selection of stocks or excessive risk-taking and betting everything on one card (in 1998 the Fund recorded a loss of 2 billion, due to poor speculation on the decline of the yen), or excessive adherence to the traditional approach to investing is about one today. In any case, Robertson failed to generate british royal family tree positive returns at a time when stock markets reached a maximum, and other investors are borne on a wave of technological euphoria. Finally, there was the fact that the assets under management in the fund Tiger Management Company for two years dropped from 23 billion to "only" $ 6 billion. Robertson, after several unsuccessful years decided to buy out the remaining investors and funds in 2000 to close. In the Letter to investors, among other things, british royal family tree he wrote that "in a rational environment, our strategy is working well. But the irrational market, where profit and awards are less important than mouse clicks and momentum, our logic, as we found very helpful. "
Many of his colleagues blaming it ruled too autocratic manner and had a fiery temper. When investing followed the rule that when he found interesting opportunity that he believed it was willing to bet a large amount of resources. Closest to his style resembles a long-short strategy in which funds open a long position in the shares, which they consider undervalued and vice versa shortují those that are overvalued by them. In the words of Robertson's foundation "to select the 200 best shares to buy and worst of 200 degrees, at which speculates british royal family tree on the decline. When the worst off hundreds of fares better british royal family tree than the best, it is advisable to look for a different way of doing business. "The classic strategy but euphoric markets Robertson did not work and was not able and willing to adapt to new conditions. A good mentor
In addition to stock selection is also known Robertson ability to choose capable collaborators, from which it can make capable managers of their own funds (also called "Tiger Cubs"). After the closure british royal family tree of its funds Robertson did not lose the investment, and in addition help and education of their associates, he decided to help selected talented managers whose funds invested in their funds, respectively. They gave money to set up their funds (those are called "Tiger Seeds").
Today Robertson at Tiger Management within the company only invests its own resources. In addition, investing in the aforementioned Tiger Seeds and in 2011 founded the fund, which is determined by other investors and money is directed into the six selected Tiger Seeds. The fact that even failure british royal family tree of the late nineties he lost none of his ability not to reveal interesting investment opportunities, demonstrates