Saturday, 20 December 2014
Last updated 19 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.