Latest news with #RoryMcIlroy
Business Insider
33 minutes ago
- Business
- Business Insider
Tiger Global explains its comeback after its 56% loss in 2022 — and why it sees itself in Rory McIlroy
As Tiger Global nears its 25th anniversary, the New York-based stockpicker is ready to move on from its recent past and return to its roots. The $50 billion manager, founded and run by billionaire Chase Coleman, posted back-to-back annual losses in 2021 and 2022, with the latter being a 56% swoon that brought about "enhanced risk management processes," the firm's investment team told investors in an April letter seen by Business Insider. The results since then: A two-year resurgence for one of the original Tiger Cubs, with gains of 28.5% and 24% in 2023 and 2024, respectively. The letter notes the firm was up 2.5% in its hedge fund in 2025's volatile first quarter. "Regular reviews of market and macro variables," including stress tests of each holding, have helped the firm get back on track and lets the investment team be "intently focused on playing our game — relying on the fundamental research process we have refined over decades, visualizing a wide range of outcomes, and prioritizing resilience across the companies we own," the letter states. The letter notes that the investment team has "stepped up the cadence of internal communication" and become "avid users" of OpenAI's Deep Research agent. Tiger Global is an investor in the AI pioneer. The firm compared its response to its poor stretch to the perseverance of pro golfer Rory McIlroy, the winner of this year's Masters tournament. McIlroy nearly blew a big lead before rallying to win in a do-or-die scenario after a lighthearted pep talk from his caddy. "Like Rory, we expect to make some double bogeys as investors," Tiger's team said, acknowledging that missteps and losses are part of the game. "But by relying on our research process and approaching every day with resilience and a prepared mind, we know we will make many more birdies and eagles over time and hopefully win some more championships along the way." With a "battle-tested" investment approach, the firm told LPs its process can handle the choppiness brought on by tariffs and other geopolitical tremors. "In markets like these, with high volatility and rapidly changing underlying fundamentals, we need to widen our bands on company performance and expect to be wrong on individual ideas from time to time," the letter states. For now, the investment team said that it is "head-down" on executing its process. "We know that doing the deep research to build the conviction to defend positions when they move against us is of paramount importance, so that we maximize returns from being right over the long run."
Yahoo
6 hours ago
- Entertainment
- Yahoo
Golfer's husband is caddy for competitor
McIlroy had 'strange week' at PGA Championship Golf Today looks back at Rory McIlroy's struggles during the PGA Championship, sharing why he should have been taking "victory laps" instead of blowing off the media during the tournament. 9:03 Now Playing Paused Ad Playing
New Straits Times
8 hours ago
- Sport
- New Straits Times
Jay Monahan on Rory McIlroy's schedule: 'I don't have any concern'
PGA Tour commissioner Jay Monahan came to the defense of Rory McIlroy, whose tournament scheduling plan will leave him out of the Memorial Tournament this week and mark the third signature event he has missed this season. "The beauty of our model is that our players have the ability to select their schedule," Monahan told reporters on Wednesday at Muirfield Village Golf Club, site of this week's Memorial Tournament. "What Rory McIlroy has done, I think he's played in this tournament every year since 2017. And you look at the tournaments that he's supported. I don't have any concern, because you look at this on balance over time, his support of our tournaments and our partners is extraordinary." In addition to skipping this week's 50th edition of the Memorial, the world's No. 2 player also bypassed The Sentry and the RBC Heritage, both signature events. McIlroy, 36, raised a few eyebrows by opting to skip the Memorial Tournament in favor of next week's RBC Canadian Open. The native of Northern Ireland has admitted to a preference of playing the week before a major championship. The Memorial Tournament and Canadian Open flipped places on the calendar this year, with the Canadian now leading directly into the June 12-15 U.S. Open at Oakmont Country Club in Pennsylvania. McIlroy completed the career Grand Slam by winning the Masters last month. He earned his first green jacket and fifth career major in dramatic fashion, overcoming two double bogeys in the first round and two more on Sunday before beating England's Justin Rose in a playoff. "Look at the season that Rory has had. He's had a life-altering season," Monahan said. "He's won the Players Championship, you win the Masters Tournament, you win the (career) Grand Slam and you win the AT&T Pebble Beach Pro-Am."
Yahoo
9 hours ago
- Business
- Yahoo
Griffin hits opening 65 to lead the Memorial
Memorial Tournament first-round leaderboard -7 B Griffin (US); -5 C Morikawa (US); -4 M Homa (US); -3 S Lowry (Irl) Selected others: -2 S Scheffler (US), K Bradley (US); -1 H English (US), R MacIntyre (Sco); E J Spieth (US), T Fleetwood (Eng) Full leaderboard In-form Ben Griffin shot a seven-under 65 to take the first-round lead at Jack Nicklaus' Memorial Tournament in Columbus, Ohio. Griffin won his first PGA Tour title last week and carried on that touch to lead by two shots from fellow American Collin Morikawa. An eagle on the seventh hole and birdies at four of the last five holes put 29-year-old Griffin in control. Morikawa, twice a runner-up in this tournament, went round in five under to lead the chase with Max Homa a shot further back. Ireland's Shane Lowry is the leading European challenger on three under par. Masters winner Rory McIlroy is not at the tournament after deciding to play in next week's Canadian Open instead. It is the third time this year that the 36-year-old from Northern Ireland has not featured in one of the PGA Tour's signature events after also skipping The Sentry and the RBC Heritage. Nicklaus said he understood McIlroy's decision and PGA Tour commissioner Jay Monahan also came to his defence. "Rory McIlroy has played in this tournament every year since 2017. And you look at the tournaments that he's supported," said Monahan. "I don't have any concern, because you look at this on balance over time, his support of our tournaments and our partners is extraordinary. "Look at the season that Rory has had. He's had a life-altering season. "He's won the Players Championship, you win the Masters Tournament, you win the [career] Grand Slam and you win the AT&T Pebble Beach Pro-Am."
Newsweek
14 hours ago
- Sport
- Newsweek
PGA Tour Brass Defends Rory McIlroy's Choice to Skip The Memorial
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. It is a special week on the PGA Tour. The world's best golfers have descended upon Muirfield Village in Ohio for the Memorial Tournament. Well, most of the world's best are playing. Rory McIlroy turned heads when he decided to skip the tournament for the first time in nine years. Nicklaus acknowledged even he was surprised to hear of McIlroy's decision earlier this week. Although, he made it clear it was his choice to make and he does not hold it against him. PGA Tour commissioner Jay Monahan took it a step further defending the Northern Irishman. "The beauty of our model is that our players have the ability to select their schedule," Monahan said. "What Rory McIlroy has done, I think he's played in this tournament every year since 2017. And you look at the tournaments that he's supported. I don't have any concern, because you look at this on balance over time, his support of our tournaments and our partners is extraordinary." PONTE VEDRA BEACH, FLORIDA - MARCH 17: Jay Monahan, Commissioner of the PGA TOUR, congratulates Rory McIlroy of Northern Ireland for winning the playoff in the final round of THE PLAYERS Championship on the Stadium... PONTE VEDRA BEACH, FLORIDA - MARCH 17: Jay Monahan, Commissioner of the PGA TOUR, congratulates Rory McIlroy of Northern Ireland for winning the playoff in the final round of THE PLAYERS Championship on the Stadium Course at TPC Sawgrass on March 17, 2025 in Ponte Vedra Beach, Florida. (Photo by Jared C. Tilton/Getty Images) More Jared C. Tilton/Getty Images Indeed, McIlroy has been a mainstay at nearly every significant tournament on tour for more than a decade. In the post-Tiger Woods era of domination, the five-time major champion took up the mantle of being the face of the PGA Tour. That includes initially digging his heels in against LIV Golf upon its emergence in 2022. Earlier this year, McIlroy completed the grand slam, winning the 2025 Masters Tournament in dramatic fashion. Since that time, he has made three starts; namely the Zurich Classic of New Orleans, the Truist Championship (formerly Wells Fargo) and the PLAYERS Championship. The last of which was his worst performance of the year. He finished tied for 47th after barely making the cut. During the PLAYERS, it was revealed that McIlroy's driver failed USGA random testing. That forced the 36-year-old to switch out heads before teeing off that week. Interestingly, McIlroy then opted not to speak to the media following all four rounds. That alone brought its own set of criticism from fans. Nicklaus, when addressing the topic on Tuesday, said that while he cannot speak for McIlroy, he always felt it prudent to speak to the media. Rory McIlroy is slated to play in next week's RBC Canadian Open. He has always preferred playing the week before a major, and with the U.S. Open at Oakmont on tap in two weeks, maybe that is why he made the decision to sit out The Memorial. More Golf: Scottie Scheffler's Statement on New PGA Tour Championship Format
