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Viking to reopen flagship hedge fund after a decade

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Viking Global Investors, US-based hedge fund founded by ‘Tiger Cub’ Ole Andreas Halvorsen in 1999, has reopened its flagship long/short hedge fund to new capital after being closed for over a decade, according to a report by Reuters.

The report cites three unnamed sources familiar with the matter as confirming that the decision to reopen the fund, which closed in 2011 after becoming too big to take advantage of trading opportunities, according to reports at the time, has been taken as industry-wide equity hedge fund returns strengthen on the back of the unexpected recent market rally.

According to its website, Viking Global, led by co-founder and Chief Executive Officer Andreas Halvorsen – a former protégé of Tiger Management boss Julian Robertson – had $26bn in public equity assets under management, at the end of June.

The firm, which runs a long-only strategy and has more recently expanded into to private assets, credit and structured capital, manages $41 billion in assets.

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