5 Biggest Hedge Fund Failures

3. Tiger Management

Tiger Management was the brainchild of Julian Robertson, who started the fund with $8 million and in 16 years, the assets were worth $7.2 billion, making it the biggest hedge fund globally at the time. However, to earn its place on the list of the biggest hedge fund failures, the hedge fund had to take a massive misstep, which was basically shorting against tech companies which had no intrinsic value. However, due to the dotcom bubble, the share prices continued to increase, which led to major losses and the closure of the fund in 2000. While it counts as one of the biggest hedge fund failures, Tiger Management continues to operate as Julian Robertson’s family office and a big number of Tiger’s employees became highly successful hedge fund managers on their own (commonly referred to as “Tiger Cubs”).