Reported 1 day ago
The 'Tiger Seed' Fund, Hound Partners, is suing Tiger Management to nullify a 2004 investment agreement that provided startup capital in exchange for profit sharing. Hound claims Tiger has not fulfilled its marketing obligations, resulting in a sharp decline in client referrals despite earning over $150 million from a $23 million investment. In response, Tiger filed a counter-suit asserting the agreement remains valid and accusing Hound of attempting to take advantage of Julian Robertson's death. The situation highlights tensions between Robertson’s firm and its seed investments.
Source: YAHOO