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Hedge fund may close: Tiger Management LLC, a large U.S. hedge fund, plans to close all six of its funds including the flagship Jaguar fund, said people familiar with the fund. News reports said Tiger, led by industry veteran Julian Robertson, planned to pay stakeholders up to 80 percent in cash by May 1 with the remaining 20 percent to be recovered over time. Known for picking the right stocks, Julian Robertson led Tiger to become one of the most successful hedge funds, with average returns above 26 percent.
