Apparently, China now has its own Tiger cub.
Business wire reports that Julian Robertson’s Tiger Management has inked a deal with Shanghai-based Yulan Capital, seeding the latter so that the two may invest in companies in the Greater China region.
Robertson seemed very optimistic about the partnership, saying:
“Asia, in general, and China, in particular, offer great opportunities for hedge funds, both on the long and short sides. We are delighted to partner with an investor of Lilian’s expertise and capitalize on the opportunities in the Asian market.”
While Lilian Zhou, Yulan Capital’s founder and portfolio manager, had this to say:
“I am thrilled to be partnering with Julian Robertson and Tiger Management L.L.C. Tiger is an icon in the hedge fund industry and this partnership will be critical as we build an organization focused on delivering attractive returns over the long-run.”
Zhou – who spent three years as Tiger’s director of China long/short equities – created Yulan three years ago after a year-long stint at Citadel. She also spent three years at Bear Sterns, serving the firm as VP until 2008. How much Robertson invested in her fund however, was not revealed.
Photo: istock