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TIGER MANAGEMENT NAMES ARCHIBALD COX, JR. TO HEAD NEW TIGER INTERNATIONAL FUND

 NEW YORK, Oct. 28 /PRNewswire/ -- Tiger Management Corporation, a leading international investment firm, today named Archibald Cox, Jr. chairman of Tiger International Fund, which plans to invest $1 billion through direct investments in China, Southeast Asia, Latin America and Eastern Europe.
 In making the announcement, Tiger President John A. Griffin said, "Archie Cox is one of Wall Street's most respected investment bankers. His experience spans all aspects of the investment and capital markets."
 "Archie's personal enthusiasm for Asia and his 15 years of experience in doing business there should mesh perfectly with Tiger's expanding role and expertise in the region. We are delighted to attract an individual of Archie Cox's caliber."
 Mr. Cox, who resigned in September as president and chief executive officer of The First Boston Corporation, will be based in Tiger International's Hong Kong office.
 Mr. Cox said, "Tiger and I believe that China and Southeast Asia are among the few areas of the world that should continue to offer investors above average returns. The nations of the Pacific rim account for 31 percent of the world's purchasing power with real growth of 8 percent or more in many of these countries."
 "The securities markets in many of these nations are not large enough to accommodate the growing institutional investor interest in the area, and in some cases are not completely open to foreign investors. We believe that attractive opportunities exist for direct investment in many of these countries," Mr. Cox said.
 Mr. Cox added, "I am delighted to have the opportunity to join Tiger. Its people are truly outstanding, its emphasis is global, and its investment acumen and record speak for themselves. These characteristics, when combined with my background and interests, should be a perfect match. I am looking forward immensely to this new challenge."
 Tiger Management Corporation, which was founded in 1980 by Julian H. Robertson, Jr., is a global investment firm which manages approximately $6.5 billion. Since inception, Tiger's average annual return on equity has been approximately 32 percent per year, after all fees.
 -0- 10/28/93
 /CONTACT: Fraser P. Seitel for Tiger Management, 201-784-8800/


CO: Tiger Management Corporation ST: New York IN: FIN SU: PER

TW -- NY051 -- 8039 10/28/93 14:36 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
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