Chase Coleman Doing Another Internet Thing

The hedge fund manager's made a lotta billions on these sorts of things before so, ain't broke/etc.
Author:
Updated:
Original:

Waiting for your check.

Remember that time Chase Coleman made $1 billion or so on a little company called Facebook? Or all of those times he made a ton more on other technology stocks he thought looked promising? Well, some people do, to the tune of $700 million.

Tiger Global Management, Chase Coleman’s investment firm that’s profited from investments in e-commerce companies before they sold shares to the public, raised about $700 million for an Internet fund.

The fund, Tiger Global Internet Opportunities, was started on Jan. 1, according to a letter sent to clients on Jan. 30. The $16 billion firm also reopened its Tiger Global Long Opportunities fund at the start of the year and has $2.3 billion.

Tiger Global Raises $700 Million for Internet Fund [Bloomberg]

Related

jimsimons

RenTech Nerds, Geeks Still Calculating How To Make Their Funds Less Sh***y

Come on, guys: Chase Coleman and Larry Robbins have figured it out.

Divorce Just Another Arena Of Real-Estate Shopping Spree For Ken Griffin

...bringing the hedge fund manager's recent real estate acquisition spree to $311.75 million.

Study: Hedge Fund Managers Should Enjoy The Single Life

According to a new report, divorces are bad for hedge fund managers but getting married is even worse.