As Tiger Cubs Enter Their Fourth Generation, How Much Overlap Exists?

The “Tiger Cubs,” those hedge funds spawned by Julian Robertson of Tiger Management, are growing in complexity as the family now extends into a fourth generation. Keeping tabs on their investing activities is interesting and shows that as a group, now nearing 50 managers who are tracked and managing nearly $155 billion, they don’t overlap as one might assume. The average overlap among the funds tracked by Novus stands at just 12 percent.  But as a group their diversification strategy is color coded to show their generation. This also reveals a current bias towards consumer discretionary stocks, information technology and…