First, the founder of Tiger Fund died According to Robertson's spokeswoman Frazier, Robertson died of a heart attack at his home in new york. According to the data, Robertson's total wealth reached 4.8 billion.
Second, the Tiger Fund was founded. Robertson is the CEO of Webster. 1978 after he left, he started his own business.
Robertson and his friends invested $8 million in 1980 and set up? Tiger fund? By the end of 1990s, the management scale of the company had reached $22 billion, with an average annual rate of return of 32% during this period.
After several years of high returns, Tiger Fund partially failed in the second half of 1998. After 1998 yen depreciated sharply against the US dollar, he began to short the yen. This round of yen speculation caused the Tiger Fund to lose nearly $5 billion, which also led many investors to withdraw from the Tiger Fund.
From 65438 to 0999, American Airlines' share price kept falling, and Tiger Fund was hit again.
At the end of March 2000, when the total assets of Tiger Fund dropped from $22 billion to $6.5 billion, he was forced to close all the businesses of six hedge funds and return all foreign funds to investors.
In addition, Robertson also predicted that there would be a bull market in German stocks after the fall of the Berlin Wall, and predicted the disaster in the world bond market. Up to now, about 50% of his funds are invested in technology stocks, including JD.COM, Microsoft, Facebook and Amazon.
Third, have you cultivated a lot? Little tiger? Now, he has practiced a lot? Little tiger? Now they are the leaders in the hedge fund industry on Wall Street, and they run many top hedge funds. Robertson had a great influence on his disciples, and many people adopted similar investment styles.