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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR