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Seekingalpha.com - Moore, named after Bacon’s middle name, is a $10 billion global macro set of hedge funds. The next few funds we will be covering are global macro oriented funds, which is a switch from some of the more value oriented funds we’ve been covering, like the ‘Tiger Cub’ funds including Stephen Mandel’s Lone Pine Capital, Lee Ainslie’s Maverick Capital, John Griffin’s Blue Ridge Capital, and Andreas Halvorsen’s Viking Global.
Global macro funds seek to find investments in whatever market they can gain an edge, whether it be equities, bonds, currencies, debt, commodities, and more. So, keep in mind that these equity positions only represent a portion of the fund’s overall holdings. They are not required to disclose holdings outside of equities, notes, and stock options.
Seekingalpha.com This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series.
Next up, we have Andreas Halvorsen’s Viking Global. Andreas Halvorsen is one of the many ‘Tiger Cub’ fund managers we cover here on the blog. ‘Tiger Cubs’ are the progeny of legendary investor and hedge fund manager Julian Robertson of Tiger Management. Many of the critical members of Tiger started their own funds, and Halvorsen is no different. We’ve already covered a few other ‘Tiger Cub’ portfolios in our hedge fund tracking series, including Stephen Mandel’s Lone Pine Capital, Lee Ainslie’s Maverick Capital, and John Griffin’s Blue Ridge Capital.
Although both Andreas Halvorsen of Viking Global and Stephen Mandel Jr. of Lone Pine Capital both learned the tricks of the trade under Robertson in their time at Tiger Management, both have taken what they’ve learned and added their own spice to the value oriented, yet growth at a reasonable price (G.A.R.P.) tolerable investment style. Halvorsen attended Williams College and received his MBA from Stanford, while his work history includes stays at Morgan Stanley and Tiger.
Seeking Alpha – This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. We’ve already covered Whitney Tilson’s T2 Partners, Peter Thiel’s Clarium Capital, Bill Ackman’s Pershing Square, and Stephen Mandel’s Lone Pine Capital. Next up, we have Maverick Capital. Lee Ainslie started Maverick Capital back in 1993 with $38 million. Nowadays, the fund is worth $10 billion. Ainslie, like many of the other fund managers we’ve profiled, has a background rooted in learning from legendary great Julian Robertson at Tiger Management.
These protégés (nicknamed ‘Tiger Cubs’) learned from the best and have had great success running their own funds. Some contacts over at Maverick have explained that its strategy is straight up stock picking, both long and short. The company made it clear though, that the company does not employ pairs trades, although, some of its long/short setups might be in the same sector.
