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.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of