Requiem for a Heavyweight

SAN FRANCISCO -- The boys who've cried wolf before were howling Wednesday about Tiger Management.

As you've likely heard by now, various (and sundry) media outlets have issued reports discussing the possible denouement of the once $22 billion hedge fund, whose assets have recently fallen to around $6 billion. Specifically, CNBC reported Tiger will shutter its large offshore Jaguar Fund on Friday while Bloomberg reported the entire shop will be closed.

I've reported on the high turnover at Tiger in the past but generally eschewed the scuttlebutt about the firm's demise. After one trip down that path, I quickly realized such talk was not provable and seemed to be regurgitated every time there was a hiccup in the market. ...