Viking Global Investors CIO David Ott drops portfolio management role

April 23rd, 2010
| More
Hedge fund Viking Global Investors’ Chief Investment Officer and co-founder David Ott is stepping down and taking on an advisory position so he can spend more time with his family. Viking Global, which was founded in 1999 by Managing Partner Andreas Halvorsen, Brian Olson, and Mr. Ott, has $12 billion in assets under management. According to a recent Reuters article, the three founders previously worked at Julian Robertson’s Tiger Management together. Mr. Olson left Viking Global in 2005, leaving Andreas Halvorsen as the only founder actively involved in management of the hedge fund manager.

As a result of David Ott's move, investors will be allowed to break any lock-up agreements and withdraw money from the fund at the end of July. Viking Global’s performance in the first quarter was hardly impressive, as it posted a 0.1% loss, compared to the S&P 500’s 5.4% increase.
For Detailed Investor Profiles on these Investors, click below:
Tiger Management
Viking Global Investors
Related People: Alex Robertson; Andreas Halvorsen; Brian Olson*; David Ott; John Townsend; Julian Robertson
Related Entities: Tiger Asia; Tiger Consumer; Tiger Global; Tiger Management LLC; Tiger Shark Management; Tiger Veda; Tiger Fund *; Tiger Jaguar Fund*; Tiger Management Corp; Tiger Management LP; Tiger Management*; Tiger Puma*; Viking Global Equities; Viking Global Equities III; Viking Global Investors LP
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings

More Recent Headlines

Industry veteran Nancy L. Kazdan joins Bull and Bear Capital, LLC as a Senior Strategic Advisor

SkyBridge Capital to open a new office in Zurich

OM Investment Management Launches Long/Short Equity Hedge Fund

Hedge Connection and PrecisionIR join Forces to launch Global Hedge Fund Forum 2010

Miami Madoff Stopped: Businessman Charged with $900 Million Ponzi Scheme

Fortress Investment Group adds $12 billion in assets with acquisition of Logan Circle Partners

Hedge Fund Heavy Weights keep hiring: JANA Partners, SAC Capital, Och-Ziff Capital and BlueMountain

GLG Partners deepens Event-Driven and ESG capabilities with addition of Griffin, Lucaussy and Mitchell

Salida Capital to launch Private Equity Fund; Receives $100MM in seed capital from Avenir Capital

Big Investors go for Big Hedge Fund Names: But There’s Hope for Emerging Managers