Tiger Global

  • 19 Feb 2014 at 6:03 PM

Tiger Mom Shows Cubs How It’s Done


[via @ldelevingne]

In 2005, Coleman [this year’s best performing hedge fund manager] married Stephanie Ercklentz, one of 10 scions featured in the 2003 documentary Born rich, made by Johnson & Johnson heir Jamie Johnson, who interviewed his friends for the film. Stephanie’s grandfather, Enno Ercklentz, was a German banker who became a chemical magnate after moving to the U.S. in 1926, according to his 1987 new york times obituary. In the film, Stephanie said she had never dated outside her plutocratic social circle. “I would, but he’d have to understand the fact that I love going shopping,” she says on camera. “Some guy might get mad at me for being stupid and spending all this money for, like, a Gucci purse.” [Bloomberg Markets Magazine, earlier]

  • 10 Jan 2012 at 10:41 AM

Which Hedge Funds Were Most Profitable In 2011?

The latest issue of Bloomberg Markets magazine has the answer to that burning question but first, let’s take a gander at who had the best performance, among large hedge funds.

1. Tiger Global, YTD total return: 45% (assets, in billions: 6.0)
2. Renaissance Institutional Equities, 33.1% (7.0)
3. Pure Alpha II, 23.5% (53.0)
4. Discus Managed Futures Program, 20.9% (2.5)
5. Providence MBS, 20.6% (1.3)
6. Oculus, 19.0% (7.0)
7. All Weather 12%, 17.8% (4.4)
7. Dymon Asia Macro, 17.8% (1.6)
10. Citadel, 17.7% (11.0)
11. Coatue Management, 16.9% (4.7)
12. Stratus Multi-Strategy Program, 16.6% (3.7)
13. OxAM Quant Fund, 16.4% (2.0)
14. SPM Core, 15.7% (1.0)
15. Pure Alpha I, 14.9% (11.0)
16. Autonomy Global Macro, 13.9% (2.1)
17. BlackRock Fixed Income Global Alpha, 13.8% (2.4)
18. SPM Structured Serving Holding, 13.5% (1.6)
19. GSA Capital International, 13.0% (1.0)
20. JAT Capital, 12.7% (2.5)

And for those who judge themselves by how many bags of hundos they’ve got to strip naked and roll around in: Read more »

As those of you’ve been paying very careful attention may have noticed, Wall Street is pretty into tech these days. Morgan Stanley is underwriting every single IPO available, Goldman Sachs has money in Mark Zuckerberg’s poking machine and LinkedIn is making Jim Cramer’s head explode. Hedge funds, however, want more. While Peter Thiel famously invested in Facebook way back when, and Tiger Global has poured cash into a whole bunch of sites, the industry as a whole wants a piece of these companies and not just after they become (alleged) successes.

A handful of hedge funds already had a history of such investments, but the activity has increased recently as investors try to cash in on the surging valuations of Facebook Inc., LinkedIn Corp., Zynga Inc., Groupon Inc. and a smattering of smaller companies…In the past 12 to 18 months, firms including D.E. Shaw & Co., Maverick Capital, Brookside Capital and Tudor Ventures, as well as hedge-fund investor James Pallotta, have joined Tiger in putting more money into promising yet risky tech companies. Starting last summer, Tiger began ramping up its investments in private companies in India, China, Brazil, Russia and other emerging markets. This year alone, it has invested in six Indian start-ups, including consumer electronics retailer LetsBuy.com, online fashion site Exclusively.in, and online bookseller Flipkart…Edward Lampert, the hedge-fund investor who controls Sears Holdings Corp., has become interested in private tech companies too. He recently assigned Daniel Levine, an analyst at his hedge fund, ESL Investments, to look for opportunities.

Sounds great, right? Well it would be except for the fact that some people are apparently too good for hedge fund money. Despite the fact that the firms are willing to throw hundreds of millions at them and open doors to sophisticated investors, these people are “suspicious” and skeptical of what hedge funds want and what their intentions are and whether or not they are literally the devil. Read more »

If Tiger Global bought an approximate 3 percent stake in 2009. In related news, TG-seeder Julian Robertson has made at least $50 off his MySpace bet. [BI]

  • 08 May 2009 at 3:58 PM

Dear Team Tiger

What can we say? We gave it our best shot. Next time!
Performance for Tiger Global Ltd.
April 2009: -12.9%
YTD: -8.1%
Also.