Julian Robertson, founder of the now defunct Tiger Management Corporation, has returned US Airways stock, representing 37% of the equity, to its 700 partners in the wake of the terrorist attacks on the US.

When Tiger closed last year, it held some $2bn in five stocks, including US Airways. Robertson had hoped that the proposed UAL purchase of US Airways would go ahead. In the light of the failure of the proposed merger, he has decided to return the pro rata share of 24,804,400 US Airways shares, or 37% of the equity, to 700 partners.