(NY Post) Some of the legendary Wizard of Wall Street's so-called Tiger Cubs were cut down to size last month, suggesting even the best and brightest in the hedge fund industry have been unable to tame today's treacherous markets.
Tiger Cubs are fund managers who trained under Julian Robertson of Tiger Management, who was known for generating average returns of 25 percent a year for more than 20 years.
Lee Ainslie, for example, saw his Maverick fund drop nearly 19 percent in September alone. What's more, Ainslie's Maverick Leveraged fund, which makes greater use of borrowed money, dropped a whopping 35.5 percent for the month, The Post has learned.
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