Julian Robertson

Definition

Julian Robertson is not a financial term, but a notable figure in finance. He is an American investor, hedge fund manager, and philanthropist who is known for founding Tiger Management Corp, one of the earliest hedge funds. His ability of identifying and mentoring young talents who later started their own hedge funds gained him much recognition and prestige in the investment world.

Phonetic

The phonetics of the keyword “Julian Robertson” would be: “joo-lee-uhn rob-ert-suhn”.

Key Takeaways

1. Julian Robertson is a renowned American investor, hedge fund manager, and philanthropist who is known for founding the investment firm Tiger Management Corp.
2. Under his leadership, Tiger Management grew into one of the world’s largest hedge funds before its closure in the year 2000. His methods of managing investments and doing financial analysis have influenced a generation of hedge fund managers.
3. In addition to his investment career, Robertson is noted for his philanthropy. He has made significant donations to educational, health, and other charitable causes; particularly, he had pledged millions to fight cancer and to improve education in New York City.

Importance

Julian Robertson is a significant figure in the business and finance world, primarily known for founding the investment firm Tiger Management Corp. As one of the pioneering hedge fund managers, Robertson notaply employed a global macroeconomic approach to investing, making strategic bets on different macroeconomic events. Over the years, he helped steer the company to remarkable success, furthering the popularity and recognition of hedge funds in the investment world. In addition, Robertson is recognized for cultivating the “Tiger Cubs,” a generation of successful hedge fund managers who trained under him, amplifying his influence on the industry. Therefore, understanding Julian Robertson’s strategies and influence helps to appreciate modern investment approaches and the evolution of hedge fund management.

Explanation

Julian Robertson refers to a notable figure in the world of finance and business, recognized for his significant contributions to, and influence in, the world of hedge fund management. Julian Robertson, an American businessman, is the founder of the famous Tiger Management Corp., one of the earliest hedge funds, established in 1980. With an innovative approach to investing, especially with his global macroeconomic strategy that focused on making bets based on worldwide economic trends in numerous markets, Robertson substantially transformed the field of hedge fund investing.The purpose behind Julian Robertson’s strategies and his hedge fund was to generate substantial return on investments for his clients through smart, aggressive but calculated maneuvers in the market. He systematized a long/short equity strategy, betting on some stocks increasing in value and others decreasing. This approach allowed the fund to maximize profits and minimize losses, regardless of market conditions. Furthermore, Robertson is known for mentoring his “Tiger Cubs,” a number of young, aspiring hedge fund managers who later go on to establish successful hedge funds of their own. These individuals carry forward Robertson’s legacy and investment strategy in modern financial markets.

Examples

1. Tiger Management: Julian Robertson is most famous for founding the hedge fund company Tiger Management. Started in 1980, this fund grew from an initial value of $8 million USD to over $22 billion USD by the late 1990s, making it one of the biggest hedge funds in the world. Under Robertson’s management, Tiger produced an average annual return of 31.7% before fees and 25% after fees.2. Seed Investments: After closing Tiger Management in 2000, Robertson started investing in upcoming hedge fund managers who are typically referred to as “Tiger Cubs”. Some of the famous “Tiger Cubs” include companies like Lone Pine Capital, Viking Global Investors, Coatue Management, and Maverick Capital.3. Philanthropy: Outside the finance world, Julian Robertson is also known for his philanthropy. He has donated millions to various causes. One notable example is when he pledged $27 million in 2008 to the New York Stem Cell Foundation. He also donated $25 million to his alma mater, UNC-Chapel Hill, to fund the Robertson Scholars Leadership Program. These actions illustrate his use of financial success for social good.

Frequently Asked Questions(FAQ)

Related Finance Terms

• Tiger Management
• Hedge Funds
• Investment Strategy
• Short Selling
• Macro Trading

Sources for More Information

• Forbes Profile on Julian Robertson
• Investopedia: Julian Robertson
• Bloomberg: Julian H Robertson
• Business Insider: Julian Robertson