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An evaluation of first-quarter filings by managers with roots in Tiger Management reveals that New York-based Marble Arch likes to invest similarly to its Tiger brethren.
If its first-quarter equity holdings are anything to go by, Marble Arch Investments -- the New York hedge fund firm headed by Scott McLellan and Timothy Jenkins -- likes to fit in with its peers.
The firm was clearly the biggest copycat in the first quarter among hedge fund firms with roots in Julian Robertson Jr.'s Tiger Management Corp.
Among such firms, Marble Arch has the highest percentage of its portfolio invested in stocks owned by other so-called Tiger Cubs, Grandcubs and Seeds, according to Alpha 's quarterly analysis of data collected by New York-based Novus, a portfolio intelligence platform that, among other things, analyzes the quarterly filings of hedge funds.
McLellan co-founded New York-based Hound Partners with Jonathan Auerbach in 2004 while working at Tiger Management. In 2007, McLellan left to launch Marble Arch with Tiger alum Jenkins. At the end of the first quarter, Marble Arch had a little more than $1.1 billion in U.S. equity assets, spread over 25 individual positions.
About 64 percent of Marble Arch's portfolio was invested in securities held also by Benjamin Gambill's New York-based Tiger Eye Capital, a Tiger Seed, according to the Novus data.
The sentiment is not nearly as mutual, as just 16 percent of Tiger Eye's portfolio is invested in securities that Marble Arch also holds.
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