{"id":9938,"date":"2009-02-20T00:00:00","date_gmt":"2009-02-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"tiger-cub-raises-80-million-for-long-only-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/tiger-cub-raises-80-million-for-long-only-hedge-fund.html","title":{"rendered":"&#8220;Tiger cub&#8221; raises $80 million for long-only hedge fund"},"content":{"rendered":"<p>Greenwich Time &#8211; The Greenwich-based Viking hedge fund group run by Andreas Halvorsen started a new fund to focus on buying stocks after selling them short became more risky. <\/p>\n<p>Viking Long Fund LP began trading last month after initially raising about $80 million, the firm said in a Jan. 15 filing with the U.S. Securities and Exchange Commission. Halvorsen, a former protege of hedge-fund manager Julian Robertson at Tiger Management LLC &#8212; making him a so-called &quot;Tiger cub&quot; &#8212; oversees about $9.5 billion at Viking Global Investors LP in Greenwich. <\/p>\n<p>The new fund avoids selling stocks short, which is a departure from Viking&#8217;s long-short strategy of trying to make money regardless of the market&#8217;s direction. In an October letter to investors, Halvorsen said the scope for expansion is much greater for buying stocks than for selling them with the expectation of further drops. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.greenwichtime.com\/ci_11693304\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenwich Time &#8211; The Greenwich-based Viking hedge fund group run by Andreas Halvorsen started a new fund to focus on buying stocks after selling them short became more risky. Viking Long Fund LP began trading last month after initially raising [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[7907,502,2717,2125,4593,7909,37,4424,48,7910,35,21,7908,3902,4425,4111],"class_list":["post-9938","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-buying-stocks","tag-expectation","tag-fund-group","tag-global-investors","tag-greenwich-time","tag-halvorsen","tag-hedge-fund-manager","tag-julian-robertson","tag-money","tag-scope","tag-securities-and-exchange","tag-securities-and-exchange-commission","tag-selling-stocks","tag-tiger","tag-tiger-management","tag-tiger-cub"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9938"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9938\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}