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The world's greatest investors

Jan 19, 2007
4. JULIAN ROBERTSON

Julian Robertson rose to fame as founder and managing partner of Tiger Management Corporation, one of the largest and most successful hedge fund groups ever created. Here is more about this great investor...

Robertson turned $8 million in start-up capital in 1980 into over $22 billion in the late 1990s, though that was followed by a fast downward spiral that ended with the funds' closing in 2000.

The Tiger funds reached a peak of $22 billion in assets in 1998. However, because of poor stock picking, Robertson suffered large losses at the end of the decade. When the Standard and Poor's 500-stock index climbed 21 per cent in 1999, the Tiger funds declined 19 per cent.

Today, he focuses his talent and energy on philanthropy. In 1989, he established the Tiger Foundation to provide financial support to non-profit organisations serving New York City's neediest families, and to encourage philanthropy among Tiger Management's investment staff.

Robertson grew up in Salisbury, Maryland, where he attended public schools before enrolling in Episcopal High School in Alexandria, Virginia.

He received his BS in Business Administration from the University of North Carolina at Chapel Hill in 1955, and was inducted into the Order of Gimghoul. Following two years of service in the United States Navy, Robertson joined Kidder Peabody & Company in 1957 as a sales trainee. He was promoted through the ranks at Kidder Peabody, becoming in 1974 chairman and chief executive officer of Webster Management Corporation, a subsidiary of the firm. Six years later, he founded Tiger Management.

Julian Robertson's service to his alma mater includes tenure as executive-in-residence at the Kenan-Flagler Business School and membership on the Board of Visitors, the Board of Directors of the General Alumni Association (1965-67), and Kenan-Flagler's Board of Visitors. He received the Board of Trustees' Davie Award in 1992.

In New York, he has served as chairman of the Cancer Research Institute, is a member of the executive committee of Lincoln Center, and is a trustee of The Rockefeller University, the Wildlife Conservation Society, and the Cathedral Church of St. John the Divine.
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