Recently there has been growing interest in top multi-strategy investment companies that deliver strong returns across different asset classes. This article provides an overview of some of the best multi investment companies based on their long-term track record, assets under management, and investment strategies. We mainly reference the “Tiger Cubs” – hedge funds seeded by legendary investor Julian Robertson of Tiger Management. These Tiger Cubs have grown to become powerhouses in their own right. In addition to Tiger Global, we also cover other top firms like Coatue, Viking Global, Lone Pine Capital, Valinor Management and more.
Tiger Global stands out with 17% annual returns
Julian Robertson gained fame by delivering over 20% annual returns for 20 years straight at his hedge fund Tiger Management. Although the fund closed in 2000 after hitting a rough patch, many of the investment talent Robertson mentored went on to found their own successful firms known as the Tiger Cubs. Chief among them is Chase Coleman’s Tiger Global, which has put up eye-popping returns of 17% annually since 2001. With $65 billion in assets under management, Tiger Global is the clear leader among this cohort of Robertson descendants specializing in public and private equity across consumer internet, software, fintech and more.
Coatue generates 25%+ returns from tech investments
Another Tiger Cub Philippe Laffont has also done exceptionally well with his tech-focused hedge fund Coatue Management.Started in 1999, Coatue now manages $35 billion in assets and has delivered net annualized returns exceeding 25% over the past decade. It invests in high growth technology and consumer internet companies across venture capital, growth equity and public equities. Some of its top holdings recently have included DoorDash, Instacart, ByteDance and Stripe.
Viking Global capitalizes on healthcare and tech trends
Andreas Halvorsen worked under Julian Robertson early in his career before founding Viking Global Investors in 1999. The hedge fund now oversees $48 billion in assets after having compounded at 14% annually since its inception. Viking is sector agnostic but has built large positions healthcare, technology, communications and consumer discretionary firms.Top investments over the years have included Baxter, Microsoft, Visa, Adobe and Anthem.
Lone Pine and others post strong long-term track records
Stephen Mandel Jr. spun out from Robertson to launch Lone Pine Capital in 1997, which has gone to manage $15 billion in assets focused on a growth stock strategy. Lone Pine has returned 13% annually since inception. Other promising funds with double-digit historical returns include Valinor Management started by David Gallo in 2007, which now oversees $4 billion. Highside Capital launched by Tiger alum Lee Hobson in 2011 manages $2 billion after having compounding by over 11% annually.
The Tiger Cubs seeded by Julian Robertson have matured into multi-billion dollar global investment firms putting up market-beating returns across public and private assets. Chase Coleman’s Tiger Global leads the pack in terms of assets and historical performance. But Philippe Laffont’s Coatue, Andreas Halvorsen’s Viking Global and Stephen Mandel’s Lone Pine Capital have also carved out strong investment track records spanning over two decades.