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Tiger's Julian Robertson roars again

January 31, 2008

Eight years after he shut down his famed Tiger fund, the veteran 'retired' manager is racking up the biggest wins of his life. Fortune gets an exclusive peek at the Wall Street legend's portfolio.

One early Wednesday morning last July, when the subprime mortgage meltdown first began to rock the markets, I found myself sitting with investing legend Julian Robertson in the cabin of his Gulfstream V jet in Auckland, New Zealand. We were en route to one of the two world-class golf courses he has built in the island nation. But his mind was on the markets halfway around the world. As the flight crew prepared for takeoff and his wife Josie and their other guests found their seats, the 75-year-old billionaire used his mobile phone to check in with his office back in New York. "How are the subprime positions looking?" he asked excitedly. "Mm-hmm. Wonderful."

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Making some more big bucks.

Rating: 3.4/5 (10 votes)


Crafool - 8 years ago
Julian Robertson seems as usual to be right on with his investments, however the interview is confusing. I realize the article is dated Jan. 28, 2008, but the article starts off stating the author and Julian's conversation takes place in JULY of 2007. Thus, the end statement that Julian expects to make money on his credit swaps looks to have been fulfilled, however the 20 to 30 times may have been optimistic based upon his rationale for the return expectation, China and Japan's lack of demand for U.S. Treasury Bonds. Back in July, this may have been really plausible, however since sub-prime as we now know is not isolated and the whole decoupling thesis in global trade, markets, and economies is highly suspect as we recently saw in the latest market sell-off. I really wish FORTUNE would have published this article in a more timely manner.
Mountaincloud - 8 years ago
Good point, but if you were Mr. Robertson, would you like to have Fortune to publish your intervie on timely manner while your cubs are acting on your strategy?

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