Chase Coleman is not the only hedge fund manager who has either worked for or been seeded by (or both) Tiger Management founder Julian Robertson to have had a strong year in 2011.
While Coleman’s Tiger seed was perhaps the top performing hedge fund manager of size last year with a 45 percent net return, several others tied in some way to Robertson also racked up impressive double-digit gains — a rarity in 2011 — while a number of others were in the high single digits.
This is quite a feat given that hedge funds lost an average of between 2 percent and 5 percent last year, depending on the database you consult. One database shows that roughly two-thirds of more than 400 funds lost money last year, while in general, a big chunk of funds ranged between up 2 percent or so and down 2 percent or so.
Also, Tiger descendants tend to be equity long-short managers, a tough strategy to make money with last year. But not for all. ....