Founder, Tiger Global, New York
C hase Colman is, to our knowledge, the only “tiger cub” who has also included the word “tiger” in the name of his fund, Tiger Global. Colman admits that “big Tiger” founder Julian Robertson was his mentor. The fund trades small cap and technology stocks and has sometimes made as much as 90% in one year since launch in 2001. The fund did go short of financial and real estate stocks in 2008, but was covering these shorts in 2009, according to filings. Recent 13G filings also
Founder, Sancus Capital Management, New York
O lga Chernova launched Sancus Capital in 2009 with a seed investment from a large US financial institution. She has been involved in credit trading since 1999 and most recently headed both North American and Structured Credit for the proprietary business at JP Morgan. Previously she headed credit desks at Dillion Read and Goldman Sachs. Chernova holds an MBA from Columbia Business School. Sancus utilizes a multi-strategy approach taking views on single names, indices and credit volatility. The investment
Founder, Magnetar, Chicago
lec Litowitz ran merger arbitrage at Citadel, one of the most successful hedge funds in the world, where he had spent most of his career and became a top executive. He started Magnetar, a Chicago based hedge fund, in 2005. Given his reputation he reportedly raised $1.7 billion on day one, albeit only after the expiry of a non-solicit agreement allowed him to contact Citadel clients. Litowitz is known to be a triathlete and astronomy buff, who named his hedge fund Magnetar, “a neutron star with a powerful A
Founder, JAT Capital Management, New York
J ohn Thaler was one of Shumway’s founding members in 2002 and got his own fund – the Shumway Omni fund – in 2006. This focused on Thaler’s specialism: technology, media and telecoms. Former employer and Tiger cub Chris Shumway provided some of the $200 mn seed capital for Thaler’s 2007 launch JAT Capital, which shares the TMT industry orientation along with consumer stocks. University of Chicago economics graduate Thaler takes a private equity approach to stock valuation and has worked
Founder, Passport Capital, San Francisco
erformance in excess of 200% for 2007 for the Passport fund came partly from John Burbank’s short sub-prime mortgage trades. Yet Burbank’s average annualised returns of close to 30% since he started in 2000 have not come without some double digit drawdowns, including in 2008. Burbank is a value investor who admires Warren Buffet and Sir John Templeton for their long term focus. Since starting Passport in 1995, Burbank has been accurately bullish on emerging markets, commodities P
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show that the fund initiated a position in private equity firm Apollo Group last year, and also owns clean tech play Gushan Environmental Energy. One position that combines technology with an emerging markets growth story is Mercado Libre: effectively the Ebay of Latin America, this is the largest online auction platform serving the fast growing Latin American region. Colman graduated from Williams College in 1997 and had made $50 million before he turned 30.
team combines macro credit views with fundamental research and rigorous quantitative analysis to select investment opportunities across North American and European markets. Sancus emphasises liquid strategies and offers investors monthly liquidity with 60 days notice. Cofounders of Sancus are Chernova’s JP Morgan colleagues Svetlin Petkov and Jason Chen; they have also had extensive hedge fund experience in areas such as underwriting and tranche trading. JP Morgan has verified that this credit team produced positive returns in 2008.
magnetic field that was a remnant of a supernova”. Magnetar just announced a new event driven fund.
in private equity at Spectrum with research director Eduardo Costa who also came from a private equity background. Thaler began his career in corporate finance with Merrill Lynch. JAT has been generating alpha on both its long and short books. Although positions can be quite concentrated, drawdowns have been limited to low single digits. Investors who consent to longer lockups pay lower fees and the typical investment horizon of two years for long positions is considerably beyond that of many hedge funds.
and gold – and prefers to hold gold as physical bars. Passport’s research team includes Phds in mining and geology, and the firm has launched specialist funds focusing on India, oil rigs, and agriculture – with fertiliser stocks current favourites. Now he envisages a decline of the US dollar will stoke inflationary pressures. San Francisco based Passport is close to Silicon Valley and did short technology stocks during the TMT bubble in the 2000. Burbank read English at Duke University and took an MBA at Stanford.