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Julian Robertson
Stock Market: Invest in Your Fortune. Success Stories
"The trader’s target is to find the 200 world’s strongest performers to invest funds, after that finding the 200 world’s weakest for short sales. If the 200 best don’t knock off spots, you’d better go try something else."
Julian Robertson was born in 1933 in the U.S. South. He had been the king of the hedge investment fund market, the minimum amount to be invested to the Tiger Man-agement Corp. headed by Robertson being $5-mln per investor.
It took Robertson as little as 10 years (from 1980 through 1990) to turn the fund’s capital of $8 million into $8 billion.
He had a flair for to-be winners like no one else for his personal annual revenue on the Tiger, Jaguar, Puma 1 and Puma II fund operations added to his interest in the funds was ranging form $300 to $400 mln. But still, as the 90ies begin, Robertson’s luck gets harder and harder for him to lose $200 mln in U.S.
Treasuries transaction in 1996. On top of that, his investment ideas during the Internet-companies boom didn’t work, and so Robertson had to close the investment subsidiary with the authorized capital of more than $6 billion, which used to yield $26 of the Tiger Management Corp. profit.
Julian Robertson finished his financial career by closing the Tiger Funds and leaving Wall Street dented by the 2000 losses on the NASDAQ plummeting down.
$1 invested in the Tiger Fund in 1980 is currently rated $1700 |
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