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A 'Tiger Cub' hedge fund seeded by Julian Robertson is closing
Tiger Veda Management, a so-called Tiger Cub hedge fund, is shutting down after 11 years, according to a memo sent to clients from the fund's CEO. The fund will return 80% of the capital on December 31, the memo dated November 27 said. The remainder of the capital will be returned at the end of the first quarter of 2016. Manish Chopra launched Tiger Veda in 2005 after leaving Julian Robertson's Tiger Management. Robertson, the original "Tiger," has seeded a number of hedge funds. At the end of the third quarter, the fund was valued at around $280 million, according to a 13-F filing. In the memo, Chopra expressed ... (full story)
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