For a Hedge Fund Pioneer, a Tiger Fund Burning Bright

13-Jan-2014

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.







By MATTHEW GOLDSTEIN, NY Times,

Julian Robertson, the billionaire investor and an early pioneer of the hedge fund industry, is  again proving to be a top picker of new talent.

His $450 million Tiger Accelerator Fund, which invests in six hedge funds that Mr. Robertson personally has invested in, is up 22.6 percent net of fees as of Dec. 15, according to a person briefed on the matter. By comparison, the broadest hedge fund industry index is up just about 9 percent for the year.

Mr. Robertson began the Tiger Accelerator Fund in 2011, marking a return to the hedge fund industry after shuttering his Tiger Management fund in 2000. Tiger Management, with $22 billion at its peak, once was one of the industry’s largest funds and delivered annual returns of nearly 30 percent before slumping in 1999 and 2000.

Mr. Robertson helped start the careers of a number of notable hedge fund managers including Chase Coleman of Tiger Global, Lee Ainslie of Maverick Capital and Andreas Halvorsen of Viking Global Investors.

Overall, Mr. Roberston has provided seed capital or early investment money to about 40 hedge funds. In the hedge fund world, funds that either have received investment money from Mr. Robertson or were founded by traders who once worked for him are sometimes referred to as Tiger cubs.

The six hedge funds that the Tiger Accelerator Fund’s performance tracks are Tiger Veda Globa, Cascabel, Long Oar Global, Tiger Eye, Tiger Ratan and Teewinot. The Accelerator fund’s $450 million investment is on top of the roughly $230 million Mr. Robertson committed of his own money to those funds.

Unlike other seeder funds that tend to commit money to new funds with a relatively short track record, the Accelerator fund selected six funds that had several years of operation behind them. Mr. Robertson tapped the services of Morgan Stanley to market his seeder fund to investors, which raised most of its money during the first-half of 2011.


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