LCH Investments reports that over 200 hedge funds, known as Tiger Cubs, originated from Julian Robertson's iconic firm, Tiger Management. Notable second-generation managers like Chase Coleman and Steve Mandel have carried on this legacy. Karthik Sarma, a prominent third-generation manager, exemplifies this trend, overseeing SRS Investment Management, which manages $12.14 billion as of Q3 2024. His firm's strategy involves concentrated investments, with 48% of its $6.72 billion portfolio in a single stock, while also adjusting positions actively, indicating a less diversified yet strategic approach to hedge fund management.
The hedge fund SRS Investment Management, managed by Karthik Sarma, has 48% of its $6.72 billion portfolio invested in a single stock.
Second-generation Tiger Cub hedge fund managers include notable figures like Chase Coleman, who exemplifies successful mentorship and investment strategies from Julian Robertson.
In Q3 2024, SRS sold out/reduced positions in nine of its 20 stocks, reflecting a strategy focused on less diversification to achieve alpha.
With a net worth of $2.9 billion, Karthik Sarma demonstrates the impactful legacy of Tiger Management through his successful portfolio management.
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