|It appears that the tech boom of 2001 has resurfaced for one of the Julian Robertson’s Tiger Cubs. Tiger Global Management, the TMT focused hedge fund that is led by Chase Coleman, has reportedly raised $700M for a new internet focused hedge fund. |
Tiger Global is the seventh largest TMT investor on the Top 75 TMT Hedge Fund List, having reported $4.1B in TMT assets, accounting for nearly 60% of the firm’s equity assets under management.
According to Bloomberg News, Tiger Global will pepper their new hedge fund with strong internet investment ideas. NYC -based Tiger Global invested in more than 100 various online businesses over the past 13 years. According to a investment letter, Coleman’s online bets returned 17 percent to Tiger Global’s investors during 2014.