Sorry!Wall Street Hedie Fund Legendary Godfather died at the age of 90!Started at $ 8 million, with a maximum management asset of $ 23 billion!These investment masters were also born before World War II

Julian Robertson, the founder of the world -renowned hedge fund management company (Tiger Management), died of illness at the age of 90 due to illness on Tuesday (23) for illness.

Robertson is hailed as the godfather -level figure in the insurance shelter world, and his investment performance is impressive, with personal wealth more than $ 4 billion. Robertson's investment strategy is mainly "value investment". It has led the Tiger Fund to achieve amazing performance, once became the largest hedge fund in the United States, with a management scale of up to $ 23 billion.

It is worth noting that some investment giants were also born before World War II, such as Buffett, Munger and Soros. At present, the industry has entered the stage of new and old inheritance.

The godfather of the "hedging fund" died of illness

According to foreign media reports, Robertson's long -term spokesman said that he died of heart complications in Manhattan's house on the morning of August 23 (August 24, Beijing time) at the United States at the age of 90.

Public information shows that Robertson was born in a small town in southern United States before World War II. After graduating from North Carolina University, he has worked at Kidder Peabody for 20 years. In 1980, Robertson founded the Tiger Fund with $ 8 million. The average annual return of 32%before 1998 was regarded as the godfather -level figure in the insurance fund world. Tiger Fund is one of the most famous macro hedge funds. Robertson's investment strategy is based on "value investment", that is, the reasonable price is calculated based on the profitability of listed companies, and then entering the market to buy and sell it high.

In the late 1980s and early 1990s, it was the most brilliant stage of the Robertson and Tiger Fund. At that time, Robertson accurately predicted that the German stock market would enter the bull market after the collapse of the Berlin Wall. To. After 1992, he foreseen the disaster in the global bond market. In 1993, the hedge fund of the Tiger Fund Management Company, the Tiger Fund (with the quantum funds of Soros), attacked the pound and lira successfully, and obtained huge benefits in this operation. The Tiger Fund became famous. With the sought after by many investors, the capital of the Tiger Fund has expanded rapidly since then, and eventually became the most prominent hedge fund in the United States.

The assets managed by the Tiger Fund expanded rapidly after the 1990s. From 1980, 8 million US dollars in 1980 developed rapidly to US $ 1 billion in 1991 and US $ 7 billion in 1996. In the summer of 1998, its total assets reached a peak of $ 23 billion, once became the largest hedge fund in the United States.

However, since the second half of 1998, the Tiger Fund has made a series of mistakes in the yen and stock investment, and has never been going downhill. By March 31, 2000, the management scale of the Tiger Fund fell from the pinnacle of $ 23 billion to $ 6.5 billion. Robertson announced that it ended all the business of six hedge funds and liquidated $ 6.5 billion in assets, of which 80%returned investment in investment In the case, Robertson personally left $ 1.5 billion to continue its investment. From the establishment of the Tiger Fund to the end of March 2000, there are still 85 times growth (deducting all costs), which is equivalent to more than three times that of the S & P 500 Index.

Since then, Robertson has incubated the "Tiger Cubs", including Tiger Legatus and Tiger Global, such as "little tigers" and "tiger cubs" hedge funds, as well as a large number of famous fund managers. At present, the Tiger Fund mainly manages family assets.

Among them, Bill Hwang, the protagonist of Archegos Capital Management, was also a member of the "Tiger Club", a member of the Korean Fund Manager, which caused "the largest single -day loss in human history". Archegos lost approximately $ 20 billion in two days in March 2021. Sebastian Malabi wrote in the book "More Money than God" that by 2008, about 36 former employees of the Tiger Fund set up their own funds and managed $ 100 billion in assets. Essence

On the Forbes Global Rich List in 2021, Robertson ranked 638th with $ 4.5 billion in wealth.

These investment masters and students before World War II

Like Julian Robertson, some investment giants born before World War II are still active in the market.

The most well -known investment master is undoubtedly "stock god" Warren E.Buffett. He was born in Omaha, Braska, USA on August 30, 1930. Chairman and CEO of Hathaway. Buffett ranked 6th in the "2021 Forbes Global Rich List" for $ 96 billion.

Buffett is a world -renowned investor and charity. His teacher respected value investment from Benjamin Graham. His investment philosophy has affected countless investors around the world. The shareholder letter he wrote has become a treasure book for global investors to read. Essence In addition, the "Buffett lunch" auctioned each year since 2000 has also become the focus of the industry.

Charlie Thomas Munger is Buffett's golden partner. He is also a world -renowned investor and is the vice chairman of Berkshire Hathaway. He was born in Omaha in Nebraska, USA, and is currently 98 years old. In the past few decades, he and Buffett have created the best investment record ever -Berkshire's stock book value Create an investment myth with an average annual compound yield of 20.3%. The price per share rose from $ 19 to $ 435,700. It is also worth mentioning that hedge fund crocodile Soros. He was born in Budapest, Hungary in 1930, moved to the United States in 1956 to be a trader in New York. In 1973, the Soros Fund Management Company was founded. Soros' quantum funds made a profit of $ 35 billion in 30 years, setting a record of hedge funds. In January 2015, Soros announced a thorough retirement at the Davos Economic Forum dinner at the time, saying that he would no longer manage investment in the future and make every effort to promote charity.

The above -mentioned investment masters were born before World War II, and also had a profound impact on the investment community. With the age of the older generation of investment giants, the international investment community has reached the stage of new and old inheritance. In May last year, David Swensen, chief investor, is known as the godfather of institutional investors, died of illness at the age of 67. Yale University issued a mourning letter on his official website. As a student of David Stanson, the founder and CEO of Gao Yan Capital Zhang Lei, Zhang Lei issued a post in the early morning to mourn the teacher and sighs "the legend will never end."

Editor: Lin Gen

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