What could possibly go wrong? Members share all their financial information, confidentially with each other. Tiger 21 also invites Presenters, big wigs from Private Equity firms like BAIN CAPITAL, to make special investment offers, all in secret.
I guess there's nothing illegal about the Uber Wealthy hoping to become more Uberly Wealthy by sharing the minute details of their finacial lives. Or is there?
I first became interested in Tiger 21 when, somewhere amidst my flurry of research, I found that members of Bain Capital made investment presentations to Tiger 21 members. Details below.
I think this group requires some scrutiny. This top level of cooperation among America's, now Canada's, next the World's most wealthy, both old and new money, raises so many questions. Perhaps too many questions.
This is very cool. An interactive list of Tiger 21 presenters. If you go to the website, and click on one of entities on the list, it will take you to the PRINCIPAL name of the entitity. Have fun journalists.
Tiger 21 Presenters by firm.
Tiger 21 Presenters by name.
Tiger 21 HEADLINER PROGRAM
With few exceptions, like George Soros and Elliot Spitzer, the headliners seem to lean more to the conservative side of politics. I could be wrong.
One of the best resources I have found about the inner workings of Tiger 21 is this article. The author was able to spend a day at a Tiger 21 meeting. It might help to read this article first to get a feel for how the rest of the information ties in.
TIGER 21 THE SOCIAL NETWORK AND SUPPORT GROUP FOR THE WEALTHY, MEMBERS MUST HAVE A NET WORTH OF $10 MILLION
Serendipity! This article was just published, announcing that Business Evaluations will now be peer reviewed, voluntarily of course.
TIGER 21 Adds Estate Planning, Philanthropy, Business Evaluation and Risk Management Peer Reviews to its Core Curriculum
While the Portfolio Defense on investments is mandatory for Members to undergo, the new Defenses are being phased in and are elective. They were established as a result of expressed Member interest.
The Internet, however, is forever. So, before anymore information becomes inaccessible, the following is a compilation of what we can learn with today's available information.
Tiger 21 History and International Expansion:
The acronym stands for The Investment Group for Enhanced Results in the 21st Century.
A former Bain Company employee joined Tiger 21 in 2004
So far there are three Tiger 21 groups in Canada. Besides Calgary, Vancouver and Toronto have set up chapters. Montreal will open its chapter in November. Tiger 21 began in the United States roughly 12 years ago. It has about 200 members and collectively the group is worth over $15 billion.
Interested in joining Tiger 21?
Well it will cost you a cool $30,000 a year and you will have to show that you are worth at least $10 million.
and it seems he travels from Cambridge, Mass. to New York City to go to his Tiger 21 meetings:
Jake Jacobson, a former partner at the consulting firm Bain & Company is a Tiger 21 member.
“I was willing to join in the hopes that at the very least I would meet people who would become useful resources,” Jacobson says. (emphasis mine)
“I was also hoping I would get a chance to look at some interesting money-making opportunities I might not otherwise have seen.”
He would not be disappointed. But with time, Jacobson, who was feeling isolated working out of his home in Cambridge, Mass., has come to appreciate some of the other benefits of sitting around Tiger 21’s conference table 11 times a year for eight hours at a time under the guidance of a professional facilitator.
Millions of Americans would love to have Mr. Jacobson's kind of problems, not that I lack empathy for the pressures and problems that having in excess of $10,000,000 in the bank must create.
This link is no longer working, but I had copied it before it became inaccessible:
“Although the primary focus of TIGER 21 is learning about the investment world and available opportunities, we realize that personal and emotional issues also play a major role in investment decisions. That’s why the assurance of confidentiality and trust is so important here.”
Tiger 21 members have money to invest, and Private Equity groups like Bain can always use more investors.
Confidentiality is critical to the health and success of each TIGER 21 group. Our members are willing to share sensitive information because we establish an environment of complete trust and integrity within the organization.
We ask each prospective member to carefully consider: Am I willing to disclose confidential information to my peers? Will I be able to keep confidential any information I learn as a result of my participation in a TIGER 21 group?
Each TIGER 21 member must honor the TIGER 21 rules of confidentiality, which require:
• Absolute confidentiality with respect to any information a member learns
about another member’s net worth, financial affairs or income.
• Absolute confidentiality with respect to any private or non-public information with respect to the investments of another member. This includes the agreement not to engage in the trading of any public securities based on any confidential information that a member gains through involvement in a TIGER 21 group. (emphasis mine)
Each member agrees not to compete against any other member for any investment the member learns about through the disclosures of that member.
In time, perhaps the Uberlyest Wealthiest can join forces with the newly Uberly Wealthy throughout the world and, through careful, small cell meetings, complete their plans to OWN AND RUN THE WHOLE WORLD. Not that some members don't do nice things for the little people along the way.
ALERT: TIGER is a dog whistle. Remember the Asian Tiger?
Definition of 'Tiger Economy'
Definition of 'Tiger Economy'
Am I the only one that can see how potentially dangerous Tiger 21 can become to the economies here and abroad?
A nickname given to the economies of Southeast Asia. Some of the tigers are Indonesia, Singapore, Malaysia, Thailand, South Korea and China.
Investopedia explains 'Tiger Economy'
With the injection of large amounts of foreign investment capital, these economies grew substantially between the late 1980s and early- to mid-1990s. They then experienced a financial crisis in 1997 and 1998. Some of the reasons for this period of financial turmoil included huge debt-servicing expenses and an inequitable distribution of wealth, as most of the wealth remained in the control of an elite few. Since the late 1990s, these economies have recovered fairly well and are likely to become more active participants in the global market.
To the stock markets? To the slow deliverance of all media, products, and retail outlets ending up in the hands of a select few? Hello!
High-Net-Worth TIGER 21 Members Weigh in on Favorite Investment Strategies; Equities Top List Balanced by Muni Bond Selections
The economic downturn in 2007-2008 has provided ample opportunity for distressed investing with a number of funds positioned to benefit. These include such funds from private equity /debt managers like Golub Capital and Bain Capital, which were named as favorites in this category.
News items, etc. below:
Comments are closed on this story.