How did Julian Robertson die? Cause of death Explained

Jim Chanos, a well-known short-seller, appears on “Halftime Report” to talk about the 90-year-old death of Julian Robertson, the founder of Tiger Management.

How did Julian Robertson die?

The 90-year-old Julian H. Robertson founded Tiger Management LLC and served as a role model for a group of hedge fund managers known as “Tiger Cubs.”

His passing was announced by Bloomberg on Tuesday, citing Fraser Seitel, a longtime representative for him.

Who was Julian Robertson?

Robertson started Tiger Management with $8 million in assets and grew it to more than $21 billion, making it one of the most prosperous hedge fund companies. He was one of the “real founding fathers of the contemporary hedge fund sector,” according to an analyst.

Along the way, he taught a generation that included Chase Coleman and Robert Citrone, two of the biggest hedge fund stars of our time. Notably, Bill Hwang was a “Tiger Cub” as well before he was legally accused of securities fraud in April of this year in connection with the extensive collapse of his family firm, Archegos Capital Management.

Julian Robertson Biography

On June 25, 1932, Julian Hart Robertson, Jr. was born in Salisbury, North Carolina, a small town in the state’s Piedmont.

“It was a great spot to raise a family. With a 2013 interview with OneWire, Robertson said in his unmistakable southern drawl, “I think everyone should be compelled to grow up in a small town.

He attended Episcopal High School in Alexandria, Virginia, throughout his whole high school career.

“In terms of schooling, that was the location that mattered the most to me. Along with the American Navy,” Robertson said to OneWire.

Julian Robertson education

In 1955, he earned his degree from the University of North Carolina at Chapel Hill. He belonged to the Zeta Psi fraternity in college.

He served in the Navy for two years after graduating from college before starting his career as a stockbroker for Kidder, Peabody & Co. on Wall Street. Robertson assumed leadership of Webster Management Corporation, the company’s financial advice division, in 1974.

Robertson left Kidder, Peabody in 1978 and set out for New Zealand, where he intended to write a book. Later on, he would buy vineyards and opulent golf courses in New Zealand.

“I believe I came to the realisation that the manner we were investing was incorrect. We were following the standard practise of holding 85% equities and 15% bonds, for example. Since I managed my account in this manner, I believe I immediately saw that what we should be doing was operating a hedge fund, Robertson told OneWire.

Founder of Tiger Management

Robertson established Tiger Management in 1980 at the age of 48. It was a long-short equity hedge fund that expanded into international equities, commodities, currencies, and bonds.

He was a networker in a New York sense and a southern charmer, and far from being coldly in control, his mood could change dramatically. “He was a guy’s guy, a jock’s jock, and he hired in his own image,” Sebastian Mallaby wrote in his best-selling book “More Money Than God.” He was tall, self-assured, and athletic in form.

Robertson had a gift for picking the best talent

Robertson had a talent for selecting the best talent in addition to having outstanding investing results. Robertson mentored a large number of so-called “Tiger Cubs” throughout his career, including Philippe Laffont of Coatue, Chase Coleman of Tiger Global, Lee Ainslie of Maverick, John Griffin of Blue Ridge Capital, Steve Mandel of Lone Pine, and many others. These analysts and portfolio managers went on to found some of the most renowned hedge fund companies.

“With hedge fund managers, intelligence and integrity are the most crucial qualities. Competitivity is certainly close behind that. We enjoy rivalries a lot. He said to OneWire, “Someone who won’t lose, doesn’t lose.

Daniel Strachman described Julian Robertson’s “competitive streak that runs deep in his veins, and he unleashes it not only when he is trading or investing but also in his everyday life, including when he is relaxing on the golf course” in his 2008 book “Julian Robertson: A Tiger in the Land of Bulls and Bears.”

Julian Robertson family

As internet and tech companies soared in the late 1990s, Robertson, whose background was in value investing, observed a drop in the performance of his hedge fund. Robertson, a critic of soaring tech stocks, shut down his hedge fund business and gave investors their money back in 2000, just before the dot-com bubble exploded.

He kept running Tiger Management as a family-office hedge fund, looking after his own wealth. Josephine Tucker Robertson, Robertson’s 38-year wife, passed away in 2010 at the age of 67. She and her husband were prominent patrons of the Lincoln Center for the Performing Arts and the Central Park Conservancy, according to her obituary in The New York Times.

How did Julian Robertson die? Cause of death Explained
How did Julian Robertson die? Cause of death Explained

According to Bloomberg, Robertson had three sons: Spencer, Jay (Julian III), and Alexander.

Julian Robertson networth

He closed the business in 2000 after two decades of average annual revenue growth of 32%, claiming he was unable to comprehend the markets at the time, which were being driven by the bubble and ultimate crash of numerous technology-related equities.

Also read

According to Forbes, Robertson had a net worth of $4.8 billion.

Follow us on Twitter

News reporter and content manager

Leave a Comment