Julian Robertson is a legendary investor who has helped launch some of the most successful careers in the hedge fund industry. He founded one of the earliest hedge funds, Tiger Management, in 1980 and returned external capital back to investors in 2000. Since then, he has been managing his own book and seeded several hedge funds started by his disciples, dubbed Tiger Cubs.
After leaving the Navy, Julian Robertson joined Kidder, Peabody & Co. as a stockbroker and he eventually headed the firm’s asset management division (Webster Securities). In 1979, he departed from Kidder, Peabody & Co. and went to New Zealand with his family to write a novel for six months. In 1980, he returned and started Tiger Management with $8 million of AUM. It is reported that Julian Robertson had the best hedge fund record throughout the 1980s and 1990s with a compounded rate of return of 32%. Tiger Management’s AUM peaked at over $23 billion. Julian Robertson missed out on the tech boom in the late 90’s and returned capital to investors in 2000 with a closing value of $6 billion.
Julian Robertson was born in Salisbury, North Carolina in 1933. He graduated from Episcopal High School in 1951 and earned B.S. in Business Administration from University of North Carolina at Chapel Hill in 1955. He then served as an officer in the US Navy until 1957. Julian Robertson married Josephine Tucker Robertson in 1972. Josephine passed away in 2010 after a long battle against breast cancer.
Julian Robertson was #168 of Forbes 400 in 2017 with an estimated net worth of $3.8 billion. Julian Robertson is the founder and benefactor of Robertson Scholars Program for 36 Duke University and University of North Carolina at Chapel Hill students. In August 2010, he pledged to give at least half of his assets to charity. He also gave $27 million to the New York Stem Cell Foundation and gave $25 million to Success Academy Charter Schools in New York. He is a Republican donor and has contributed to support presidential candidates including Mitt Romney and Jeb Bush. Julian Robertson owns an apartment in the exclusive Hampshire House at 150 Central Park South (all 5 apartments on 27th floor were combined) which he bought for $3.9 million in 1994. He has multiple residences including Locust Valley, L.I., Sun Valley, and Southampton. It is reported that he rents out his Southampton real estate for $650,000 per month.
List of Tiger Cubs: John Griffin, Lee Ainslie, Andreas Halvorsen, Paul Touradji, Stephen Mandel, Chris Shumway, Martin Hughes, Tom Brown, Philippe Laffont, Robert Ellis, Rob Citrone, Kris Kristynik, Arthur Cohen, Dan Morehead, James Lyle, Steve Shapiro, David Gerstenhaber, Quinn Riordan, Arnold Snider, Philip Duff, Robert Karr, Peter Vig, Fuyuki Fujiwara, Ed McAree, Robert Williamson, Brian Kelly, Peter Palmedo, Scott Sinclair, Glen Kacher, John Wu, Chase Coleman, Bill Hwang, Tom Facciola, Michael Sears, Patrick McCormack, Manish Chopra, Robert Jafek, Charles Anderson, Eliav Assouline, Pasco Alfaro, William Araskog, Jonathan Auerback, Christopher Burns, Alok Agrawal, Michael Popow, Rodrigo Andrade, Scott Booth, J Kevin Kenny Jr, Michael Morrissey, RJ McCreary, Ian Murray, Dane Andreef, McAndrew Rudisill, Quincy Fennebresque, Robert Pitts, Tim Jenkins, Edward Brogan, Matt Grossman, James Davidson, Nehal Chopra, Scott Sinclair, Michael Moriarty