Self-Made Billionaire Karthik Sarma Sold His Entire Stake in Nvidia and Bought This Incredible Stock Up More Than 100% in 12 Months

When investor Julian Robertson closed the doors on his hedge fund, Tiger Management, in 2000, he decided to help some of the best and brightest investment managers start hedge funds of their own. The so-called "Tiger Cubs" have gone on to mentor numerous other successful hedge fund managers, and those have in turn produced even more.The lineage of Tiger Cubs is full of great investors, many of whom have created vast amounts of wealth for themselves and those who bought into their hedge funds. One such investor, Karthik Sarma, got his start at Tiger Cub Chase Coleman's Tiger Global hedge fund in 2001. In 2006, he started his own hedge fund SRS Investment Management. Today, Sarma manages a portfolio of investments worth over $10 billion for himself and his investors, and his net worth has climbed to $2.9 billion.Sarma usually likes to hold positions in his favorite companies for the long run. But he recently disposed of a position in Nvidia (NASDAQ: NVDA) after holding at least some of the stock for less than two years. Instead, he's piling SRS' cash into another high-flying stock that's more than doubled in the last 12 months.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool