6min chapter

The Alchemy of Money cover image

Sebastian Mallaby: Understanding Legendary Hedge Fund Investors

The Alchemy of Money

CHAPTER

The Tiger Model Is a Little Bit More Adaptable Than Julian Robertson

Roxanne Jones: It seems rare that somebody is able to truly evolven an, maybe adapt their style if the world or the market regime really changes. But even julian robertson's became too big, and started doing things that we're no longer a core of his strategy fom from the beginning. She says when you diversify from one typeof hedge fund strategy into another one, that's the risk.Jones: The advantage of a hedge fund is that it's a structure whereby the person who's making the investment decisions has real skin in the game.

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