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“In which there is smoke, there is often fireplace,�?suggests a former portfolio manager at pension fund Calpers, who states the memo and Tiger’s expenditure exercise raises issues with regard to the company’s tactic and approach.

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Some traders are actually asking Tiger questions on the memo’s contents, Based on somebody acquainted with the issue.

Robertson closed the fund in 2000, blaming the irrational marketplaces (critics blamed it within the fund obtaining “massive and check here self-satisfied�?and accumulating holdings so substantial they were tough to provide). And he turned his focus to mentoring a lot of promising investors who had labored for him, the crew that may be called the “Tiger Cubs.�?That team involved Philippe Laffont, who started off the hedge fund Coatue Administration; Invoice Hwang, who launched the now-shuttered Archegos Money Management; and, certainly, Coleman and Tiger International.

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