Secretive Hedge Fund Said To Close

It is a different world from the point when billionaire investor Julian Robertson first perfected his investing style. The Tiger Management founder was known to consider a macro outlook when making trade filtered down into individual stock selection. This strategy worked well during the pre-internet age. Nearly 18 years after his hedge fund was closed and he produced a litter of “Tiger Cubs,” hedge fund managers who learned the art under Robertson, the strategy finds a very different market environment. As computers pour over mountains data to find elusive alpha, some of the Tiger strategies have been having trouble. Marble Arch Capital, a distant Tiger relative, could be the latest of such hedge funds, according to a...