Tiger Global Readies $1 Billion Long-Only Fund

Sep 11 2013 | 2:20pm ET

Tiger Global Management, one of the most successful hedge funds in recent years, is doing away with the hedge for its latest fund.

The New York-based firm is planning a long-only vehicle to be helmed by founder Chase Coleman and two other portfolio managers, Feroz Dewan and Scott Shleifer. The fund is expected to debut on Oct. 1 with between $1 billion and $1.5 billion in initial assets.

Tiger Global has more than $11 billion in assets, even after returning $2 billion to investors late last year.

Tiger's long portfolio has posted annualized returns of 18% since 2001. Precise details about the new fund, including its strategy, were unclear.

What is clear is that investors will pay hedge-fund style fees for the vehicle, including 1.2% for management and 20% for performance over a 5% hurdle.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note