Billionaire Julian Robertson, hedge-fund guru to 'Tiger Cubs,' dies at 90

Julian Robertson, the billionaire Tiger Management founder who became one of his generation’s most successful hedge-fund managers and a mentor to a wave of investors known as Tiger Cubs, has died. He was 90.

He died at his home in Manhattan from cardiac complications, according to Fraser Seitel, a longtime spokesman for Robertson. 

The North Carolina-born investor started New York-based Tiger Management in 1980 with $8.8 million. He was 48 at the time, relatively old to be launching his own firm. By mid-1998, assets had soared to about $22 billion on the back of annual returns averaging 32%, earning him a reputation