Julian Robertson biography (June 25, 1932, Salisbury, N. Carolina, USA) is a former hedge fund manager. He now invests in other hedge funds that are run by his former workers. His first company that he founded was Tiger Management Corporation, which is one of the world’s first hedge funds. He is responsible for turning 8mil starting capital in 1980 into more than 22 billion in the late 90’s. The fund saw closure in 2000, after a fast downward chain of investor withdrawals.
His share of Tiger’s profit was greater than 300mil USD. His net worth in 2003 was more than 400 million. In March of 2011 his wealth was 2.3 billion USD. In 2009 his return of 200 million of personal trading account was 150%.
His fund at its peak was worth 22 billion USD, but wrong moves and some Robertson’s bad decisions lead to investors withdrawing their cash, which saw Tiger funds decline 19% in the time when S&P500 stock index climbed 21%-
One of the Tiger’s biggest holding in the mid 90’s was US Airways. The famous falling of the company saw Tiger’s holdings drop down. By 2001, Robertson distributed 25million shares to his former investor in Tiger. He declared that he wanted to keep his own stock in the airline.
After retirement, Robertson lives a life of a philanthropist, as he works for several organizations and university boards. He runs a fund Robertson Scholars Program that awards 36 students for 4 years. He chooses students from universities of Duke, North Carolina and Chapel Hill. He is friends with Bill Gates and Warren Buffett and they have initiative that wealthy would give at least half their wealth to charity.
He was one of the supporters for Mitt Romney’s campaign
