Monday, 28 July 2014
Last updated 41 min ago
Nov 16 2012 | 12:58pm ET
The hedge fund success story of the past two years has gotten big enough.
Tiger Global Management, which returned 45% last year and which has grown to manage more than $8 billion, will return some of that money to investors at the end of the year. The New York-based hedge fund said it feared for its returns—it's up 25.5% this year—if it got any bigger, the New York Post reports.
"We continued to believe that managing a smaller asset base gives us the best chance to generate strong returns over the long-term," managers Chase Coleman and Feroz Dewan said.
Tiger Global joins the likes of Moore Capital Management in making a distribution to investors. Moore blamed disappointing returns and a lack of opportunities for its decision to return $2 billion to investors earlier this year.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…