HFN Login and Registration
LOGIN PASSWORD
Need Help? Register here
Skip Navigation Links
Home
About HFN
News
Funds
Investor Tools
Manager Services
Data Services
Research
Service Providers
Conferences
Help
HedgeFund.net: Public news from HedgeNews
Sign Up for the HFN Daily Newsletter         |    Take a Tour of the HFN Website    |    Register      |         Login
Hedgefund.net Register Here
Click below for information on membership options
Premium Access Manager Services Data Services
Asset Flow Report View Front Page  
Share |
  Subscribe

Julian Robertson: Credit Bull, Gold Bear
by Christopher Glynn ,Senior Reporter, October 20, 2009

Julian Robertson is high on plastic, and down on gold.

Robertson, a hedge fund pioneer, said he is constructive on MasterCard and Visa, citing growth potential for each credit card issuer.

And Robertson, unlike David Einhorn, is bearish on gold as a hedge against inflation, calling shorting the bond market a better hedge.

Einhorn, head of Greenlight Capital, said on Monday he favored gold as a hedge against inflation and a major currency crisis. Einhorn gave his prognostication at an investment management conference in New York.

But Robertson, following Einhorn, told the audience at the conference that going bullish on gold was “certifiably crazy.”

Google and Intel Corp. earned praise from Robertson, who cited Google, which began as an Internet search engine headquartered in California and has grown to a publicly-traded company worth $550 a share, as still growing.

North Carolina native Robertson worked as a stockbroker before founding Tiger Management, a company esteemed as a proving ground for hedge fund talent. A “Tiger Cub” is a term coined to describe a trader who worked for Robertson before lighting out on his own. Lee Ainslie, Dwight Anderson, Stephen Mandel and Paul Touradji all worked for Robertson; and each went on to start a hedge fund.

Tiger Management ran $22 billion until Robertson, after flubbing the dot-com boom, closed the company down in 1999.

After retiring Tiger Management, Robertson continued to manage his personal fortune, with success. Like John Paulson, Robertson profited from the subprime mortgage collapse.

  
Recent Articles 
HFN Spotlight
POLL OF THE WEEK
July 27, 2010

 
 
3 Comments
Post a comment.
POSTED BY Christopher Glynn at 10/20/2009 10:34:42 AM

Can someone please point to me where Robertson says he is bearish gold?
POSTED BY Mike at 10/20/2009 5:07:22 PM

regarding inflation hedge: Robertson and Einhorn - like almost all managers - do not look at diamonds as inflation hedge; it´s a pity.
POSTED BY Jansen at 10/21/2009 7:06:24 AM
Add your Comments:
 Name: Required
 Email: Required(will not be published)
All comments will be reviewed for appropriateness, length and lucidity.
 
 

Disclaimer: An affiliated broker-dealer of HedgeFund.net is compensated for providing capital introduction services to hedge funds and hedge fund managers, which may include one or more hedge funds mentioned in this article. Hedge funds and/or hedge fund managers mentioned in this article also may compensate HedgeFund.net for services provided to them by HedgeFund.net













 HOME    HEDGEPLUS    HEDGENEWS    PORTFOLIOS    FUNDS    PERTRAC ONLINE               Copyright 2010, Channel Capital Group Inc. All Rights Reserved.   
NEITHER CHANNEL CAPITAL GROUP INC.("CCG"),ITS AFFILIATES,OR CCG'S OR ITS AFFILIATES RESPECTIVE OFFICERS,DIRECTORS,AGENTS,MEMBERS,SHAREHOLDERS AND EMPLOYEES (EACH A "CCG PARTY" AND COLLECTIVELY THE "CCG PARTIES")RECOMMENDS OR SOLICITS ANY INVESTMENT BY USERS OF THIS WEB SITE,THE MATERIAL CONTAINED HEREIN IS BASED UPON INFORMATION PROVIDED BY HEDGE FUND MANAGERS AND OTHER SOURCES. THE CCG PARTIES HAVE NOT INDEPENDENTLY VERIFIED SUCH INFORMATION,DO NOT REPRESENT IT AS ACCURATE ,TRUE OR COMPLETE, MAKE NO WARRENTY, EXPRESS OR IMPLIED REGARDING IT AND SHALL NOT BE LIABLE FOR ANY LOSSED,DAMAGES,COSTS, OR EXPENSES RELATING TO ITS ADEQUANCY ,ACCURACY ,TRUTH ,COMPLETENESS, OR USE, REGISTERED USERS SHOULD NOT RELY UPON DATA TO MAKE AN INVESTMENT DECISION ,AND SHOULD NOT THAT PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE.