Tiger Management

The long/short equity hedge fund founded by Julian Robertson in 1980, which became one of the most influential training grounds in hedge fund history. The “Tiger Cubs” — fund managers who trained under Robertson — went on to found or lead many top funds, including Blue Ridge Capital (John Griffin) and Viking Global (Andreas Halvorsen).

The teaching culture at Tiger: junior analysts would bring stock pitches to senior managers like Andreas Halvorsen, who would coach them before they pitched Robertson — without Robertson knowing Halvorsen had been involved. One approach had senior managers saying “let’s work on it together, I’ll help you shape the idea, once you’re ready, go pitch it to Julian.” Another approach had managers telling Robertson that a junior analyst had an idea, offering to help fine-tune it — but the young analyst “never really got the full credit from Julian.” The claim: “Guess which guy is actually the wealthiest and most successful fund manager today?” — pointing to the compounding returns from teaching and generosity as distinct from credit-seeking. Source: Teaching at Tiger Via @alixpasquet… (tweet).

Where this appears

• Teaching at Tiger Via @alixpasquet… (tweet)
• Blue Ridge Capital