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To: Zoltan! who wrote (11089)12/19/1997 3:02:00 AM
From: Zoltan!  Read Replies (1) | Respond to of 77400
 
Today's WSJ Heard on the Street:

Robertson's Tiger Hedge Funds
Maul Rivals,
Returning 63% Before Fees,
Mainly Since June

----

By Laura Jereski
Staff Reporter of The Wall Street Journal

Think you had a good year? Consider the take at Tiger Management Corp.,
the hedge-fund group managed by Julian Robertson. So far this year, those
funds' performance is up about 63% before fees, which in turn has boosted
capital by almost $6 billion, to more than $15 billion. That is the
single-largest surge in capital this year for any of the private investment
partnerships known as hedge funds .......

Mr. Robertson said in an interview that the bulk of his gains came from
stock-market bets, which he says encompass equity futures positions in
Japan and Hong Kong as well as big stakes in individual U.S. stocks.
He
also has longstanding short positions, among them Micron Technology and
Ascend Communications.


excerpt from
interactive2.wsj.com