May Proving to Be a Tough Month for Tiger Cubs
Following a "disappointing" first-quarter, an investor in Andreas Halvorsen's Viking Global Investors tells us the firm's main fund is down 5 percent for the month. It appears the departure David Ott, Viking's co-founder and CIO, is not helping matters.
Julian Robertson Made Mitt Romney An Offer He Could Refuse
And did! (Next time think about throwing in a tutorial on not letting The Man make you his bitch and some tales from the crypt to sweeten the deal.) Not long after Mitt Romney dropped out of the presidential race in early 2008, a titan of New York finance, Julian H. Robertson, flew to Utah to deliver an eye-popping offer. He asked Mr. Romney to become chief executive of his hedge fund, Tiger Management, for an annual salary of about $30 million, plus investment profits, according to two people told of the discussions. For Mr. Romney, who had spent the previous decade in public life forgoing any paychecks, the position promised to catapult him back to the pinnacle of American business and into the ranks of the stratospherically rich. Several friends and relatives urged him to accept. “Let’s put it this way,” said Mr. Robertson. “He could have made a lot of money.” But Mr. Romney was uninterested. Defeat, Introspection, Reinvention, Nomination [NYT]
In This Market Environment, Not Even A Former College Lacrosse Player Who Can Trace His Lineage To Peter Stuyvesant Is Safe: WSJ
Chase Coleman, sadly, knows what we're talking about.