Billionaire investor Julian Robertson, whose Tiger Management was once ranked among the world’s largest and most successful hedge funds and who has trained several generations of prominent fund managers known as the Tiger Cubs, has died at age 90.
Robertson died at his home in New York from heart complications, said his spokesman, Fraser Seitel.
The North Carolina-born investor who specializes in stock picking co-founded Tiger Management in 1980 and grew the company to oversee an estimated $22 billion in the late 1990s.
In 2000, he closed the company, which had been earning an average of 32% a year for two decades, saying he could no longer understand the markets that were being fueled by the boom and eventual collapse of many technology-driven stocks.
Robertson had a net worth of $4.8 billion, according to Forbes.
Source: CNN Brasil
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