“Exactly where There's smoke, There's usually fireplace,�?says a former portfolio supervisor at pension fund Calpers, who claims the memo together with Tiger’s financial investment activity raises fears with regards to the organization’s technique and system.
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It had been Robertson who had mentored Chase Coleman III as an analyst, then wrote Coleman the $25 million seed Examine he applied to start Tiger International when he was 25 many years previous. It had been Robertson who introduced Coleman to a lot of the firm’s first limited partners, then provided him Workplace Room for Tiger World-wide’s 1st 13 many years of operation.
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The challenge for Tiger will probably be to convince All those LPs which the blip with the previous number of yrs will turn into a smudge on their background, in place of a gaping hole.
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Some insiders say this type of issue—an nameless document earning detrimental promises against a agency—could gasoline a broader worry. “That is a new form of meme warfare that every fund need to be petrified of,�?a single fund supervisor, who spoke on the issue of anonymity, recently advised Fortune.
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