Once you move on from the hedge fund business and you need something about which to get fired up, golf doesn’t always fill the bill — unless you go extreme, of course. With Tiger Management founder Julian Robertson having announced he is sponsoring a new $1-million first prize tourney in New Zealand next January, I was struck by some extreme comments about the course itself:
Cape Kidnappers, ranked 10th on Golf Digest magazine’s list of top courses outside the U.S., is located in Hawke’s Bay, on the southern part of New Zealand’s north island.
…Robertson said he expects a maximum of 5,000 spectators to attend. The Tom Doak-designed course, with holes that snake along 500-foot limestone cliffs, presents “certain hazards,” he said.
“We don’t really want an enormous amount of spectators,” Robertson said. “The only way to control the people is with ropes.”
Coincidentally enough, as I recall ropes were also the only way to control exiting Tiger Management fund investors back in 2000.