Tiger Global Up 22%

Oct 4 2012 | 12:40pm ET

Tiger Global Management was one of the best-performing hedge funds of last year, and it's hardly slowed down this year.

The $6 billion New York-based fund is up 22.4% this year, 10 times better than the average hedge fund return according to some industry indices. Tiger Global added 1.5% to its margin in September, Reuters reports.

The fund burst onto the scene last year with a 45% return, earning firm founder Chase Coleman his first appearance on Forbes magazine's ranking of the wealthiest Americans. Coleman, a Tiger Management veteran, manages the firm alongside Feroz Dewan.

At the end of the second quarter, Tiger Global's largest holdings were Apple Inc., Yandex and Google Inc.

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