Tiger cub Andreas Halvorsen, co-founder and CEO of Viking Global Investors, called his returns for the first quarter mediocre, according to sources of Institutional Investor's Alpha. Despite gains on Viking's long/short equity fund that were better than several competitors, Halvorsen was not thrilled. The flagship fund, Viking Global Equities, was up 5.2 percent in the first quarter of the year. Viking Global Equities manages an estimated $16 billion. The Viking Long Fund which managed $3.4 billion as of Dec 2012, was up 10.1 percent in the first three months of 2013. The long-only fund's performance is at par with the return on S&P 500 (INDEXSP:.INX) in the same period.
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