BOSTON—Billionaire investor Julian Robertson, whose Tiger Management once ranked among the world’s biggest and most successful hedge funds and who trained generations of prominent managers known as “Tiger Cubs,” has died at age 90.
Robertson died at his home in New York from cardiac complications, said his spokesman, Fraser Seitel.
The North Carolina-born investor who specialized in picking stocks co-founded Tiger Management in 1980 and grew the firm to oversee roughly $22 billion by the late 1990s, boasting an average annual return of 32 percent.
In 2000, he shuttered the firm, saying he could no longer make sense of the markets which were being fueled by the boom and eventual bust of many technology oriented stocks….