By Stephen Taub
Photographs by Martin Adolfsson
Management's Julian Robertson staked Chase Coleman and Bill
Hwang with more than $15 million each in 2001, the two came to
symbolize the success of Robertson's now-10-year strategy to
bankroll young and unproven-but smart and driven-hedge fund
managers. Both men appeared to be investment geniuses. By the
end of 2007, Coleman's Tiger Global, a long/short equity fund,
had grown to more than $6 billion, with a seven-year annualized
return of approximately 44%. Hwang's Tiger Asia, a specialist
in Asian securities, had $8 billion-and a 40.4% annualized
But since then the two boy wonders have stumbled. The
now-35-year-old Coleman lost 26% in 2008 and another 1% last
year, before rebounding by more than 9% in the first nine
months of 2010-which still puts him below his high-water mark.
His assets are down by about one...