Several descendants of Julian Robertson Jr.’s firm posted sharp gains after losing money last year, with many of the same stocks that hurt them in 2016 boosting returns this year.
Year-to-date results at individual funds run by firms including TCI, ValueAct, Pershing Square, and others are mixed.
While the Pershing Squares of the world suffer, scrappier funds like Tosca Opportunity, Barington and Blue Harbour are finding ways to post gains.
Members of the Tiger pack are limping into March after sustaining wounds during the first two months of the year.
Several protégés of Julian Robertson Jr. managed to post strong gains in what was a tough year for many equity managers.
Hedge funds associated with Julian Robertson Jr’s Tiger Management have put up wildly varying numbers through the first six months of the year.
Firm led by Tiger Cub Martin Hughes aims at starting a new UK debt fund and a long-short fund aiming at European financial services stocks.
While Europe’s largest hedge fund firms reported zero growth or even small declines in assets in 2013, activist-oriented firms raced ahead in the ranking.
Founder Martin Hughes says he wants to maximize net asset value and not just gather assets.