Prior to that, Roberston recruited former Goldman Sachs exec John Townsend as COO and managing partner.
These high-profile additions made it clear Robertson was planning something; now we know what that something is: the Tiger Accelerator Fund.
"The firm is attempting to raise money for the Tiger Accelerator Fund, a co-seeding vehicle that gives investors a piece of the fee revenue and performance at a group of six Tiger-seeded hedge funds," AR reports.
Robertson has seeded at least 38 hedge fund managers; the chosen six were picked because of a "belief in their merits and superior position for growth."
Tiger Accelerator wants to raise $450 million this summer; the three larger funds will then receive $100 million each, and the three smaller firm's will get $50 million, according to AR .
The funds are:
- Tiger Eye: Launched in 2009 by Benjamin Gambill, it has $42.5 million AUM and invests in natural resources, financials and industrials.
- Long Oar: Launched in 2009 by James Davidson, it has about $150 million AUM and invests in cyclicals and industrials
- Tiger Ratan: Launched in 2009 by Nehal Chopra, it has about $40 million AUM and is a generalist fund
- Cacabel: Launched in 2008 by Scott Sinclair, it has about $158 million AUM and invests in tech, financials, telecom and consumer goods
- Tiger Veda: Launched in 2005 by Manish Chopra, it has $213 million AUM and is a generalist fund
- Teewinot: Launched in 2003 by Michael Moriarty, it has about $31 million AUM and is generalist fund
The minimum investment is $5 million, and there's a lock-up for two years.
This story originally appeared on Business Insider
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