The best Side of fortune tiger
The best Side of fortune tiger
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Ahead of Coleman ever went off on his have in 2001, he experienced a entrance-row seat to Among the most amazing hedge fund closures in record. Coleman, who had developed up with Robertson’s son, experienced joined the extended-limited investor’s hedge fund—identified as Tiger Administration in reference to Robertson referring to folks as “tiger�?when he couldn’t recall their title—as an analyst clean off his graduation from Williams University in 1997.
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“There’s definitely a bit of LP land which is delicate to headline risk,�?says a manager at an early-phase-targeted confined partner that has not backed Tiger Global.
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Robertson, who had accumulated a heaping $22 billion in property at Tiger Management’s peak, was recognized for heading from the grain. And through the height of the dotcom boom, he famously shorted a series of substantial-flying tech stocks he believed were overvalued. Robertson’s premise was correct. But it surely wouldn’t make any difference, because he wasn’t in a position to monetize it: Right after two many years of clobbering losses, traders missing religion in him and withdrew resources en masse.
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