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Tiger Management Corp., also known as "The Tiger Fund," was a hedge fund founded by Julian Robertson. The fund began investing in 1980 and was closed in March 2000. ==History== Julian Robertson, a stockbroker and former United States Navy officer, started Tiger Management in 1980 with $8 million in capital. By 1996, the fund’s assets had increased to $7.2 billion in value.〔 and 〕 On April 1, 1996 ''BusinessWeek'' carried a cover story written by reporter Gary Weiss, called "Fall of the Wizard", that was critical of Robertson's performance and behavior as founder and manager of Tiger Management.〔 Robertson subsequently sued Weiss and ''BusinessWeek'' for $1 billion for defamation. The suit was settled with no money changing hands and ''BusinessWeek'' standing by the substance of its reporting.〔 〕〔 〕〔 〕〔 〕〔 〕〔 〕〔 〕 With $10.5 billion of assets under management in 1997, it was the second largest hedge fund in the world at the time. Its holdings climbed to $22 billion in 1998. Tiger's largest equity holding at that time was U.S. Airways, whose troubles dragged down the value of his holdings. Such missteps ultimately led him to close his investment company in March 2000 and return all outside capital to investors. Tiger earlier made $2 billion in gains, but then it gave most of them back during a huge one-day move in the yen in 1998. In September 2001, Robertson distributed 24.8 million greatly devalued U.S. Airways shares over to former investors in Tiger. Robertson declared his intent to keep the stock. U.S. Airways declared bankruptcy in 2002, and shareholders in the airline were wiped out. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Tiger Management」の詳細全文を読む スポンサード リンク
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