is one of the former protégées of Julian Robertson
at his hedge fund Tiger Management, called “Tiger Cubs.” Halvorsen left Tiger Management and, along with several colleagues, founded the long-short equity hedge fund VikingGlobal in 1999. Since then, the low-profile manager’s fund has produced an average annual return of 18.2%, and assets under management have ballooned to $16 billion.
Halvorsen said in his first-quarter letter that he possibly had been too cautious during the quarter, according to Reuters. In the second quarter, he bought 21 new stocks, the largest of which are: State Street Corporation (STT
), Eastman Chemical Company (EMN
), Pfizer Inc. (PFE
), Eli Lilly (LLY
) and W.R. Grace & Co. (GRA
). Continue Reading »