Tiger Mauled in Greenwich

Tiger cubs, the alumni of Julian Robertson’s Tiger Management, are reputed to be the most fearsome predators on the Street.

But sometimes predators become prey…

North Sound Capital, run by Tiger Management alumnus Thomas McAuley, is seeing assets fall and plans strategic and operational changes to improve returns after a period of underperformance, according to a letter the equity hedge fund firm sent to investors on Tuesday. Marketwatch

Apparently its a jungle out there…

North Sound’s Legacy funds have underperformed recently because they didn’t invest enough money in their best ideas, McAuley added. The firm will focus its research on fewer sectors next year and try to generate fewer, but stronger investment ideas, he explained.

Even the littlest cubs are on the run…

Several investment staff members have left North Sound, along with a similar number of non-research employees, the letter said.

UTC readers are encouraged to send resumes here

Comments:

<< Back to main