WSJ – Julian Robertson’s Tiger Management LLC is backing startup hedge fund Kang Global Investors LP with as much as $50 million for its launch at the start of July, according to people familiar with the arrangement.
Long considered one of the savvier long-term investors in the industry, the 81-year-old Mr. Robertson shut down his own hedge fund in 2000 and shifted to doling out his money to other managers. These selected funds now manage some $27 billion altogether.
