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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Tiger Global Prepares Long-Only Fund

Sep 11, 2013
Jing Chen

Charles “Chase” Coleman’s New York-based hedge fund firm Tiger Global Management is attempting to raise approximately $1 billion for a long-only fund.

The New York Post reported that the new fund is expected to start trading on October 1 with between $1 billion and $1.5 billion in assets. Coleman will manage the fund along with portfolio managers Feroz Dewan and Scott Shleifer.

Tiger Global managed about $8 billion in assets last year and was even up 23% mid-year, but Coleman liquidated $2 billion of the assets after difficulty in finding good investments. Tiger Global is best known for investing in big tech IPOs, such as Facebook, Groupon and LinkedIn.

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