- Julian Robertson, the father of hedge funds and founder of Tiger Management, died at 90.
- He founded Tiger Global in 1980, which at its peak had $21 billion in assets under management.
- Robertson is also known for his 'Tiger Cub' proteges, which include Chase Coleman's Tiger Global.
Julian Robertson, the father of hedge funds and founder of Tiger Management, has died at 90 years old.
Robertson died on Tuesday at his home in Manhattan due to cardiac complications, according to a statement from his representative Fraser Seitel.
Since closing Tiger Management to outside investors two decades ago, his name is still closely linked to some of the biggest names in the hedge fund industry that he helped pioneer. He was the chairman and chief executive of Tiger Global, which he co-founded in May 1980 and had grown to more than $21 billion in assets under management.
His flagship fund compounded at a rate of 31.5% between 1980 and the return of capital to investors in 2000.
Robertson is also known for his group of proteges, known as the Tiger Cubs, which include Chase Coleman's Tiger Global, Lee Ainslie's Maverick Capital, Andreas Halvorsen's Viking Global, and Philippe Laffont's Coatue Management.
In late 2019, Insider mapped out these connections to show the influence Robertson has had on the industry. The list is massive, with hundreds of names and nearly 200 different firms. Since then, more Tiger Cubs have been born and some are still launching.