Dot Com Startups Find New Friends in Tiger Global Management and Lone Pine Capital
| July 18th, 2011 | ||
| In what looks like an eerie remake of the Dot Com Bubble, hedge fund managers are pouring hordes of cash into Internet companies, hoping to capitalize on the success of recent IPOs. According to the Wall Street Journal, big global hedge funds, such as Chase Coleman’s Tiger Global Management and Steve Mandel’s Lone Pine Capital, are branching into the technology sector in search of Internet ventures. Venture capital experts question the wisdom of mixing hedge fund money, with its expectation of quick returns, with venture startups that typically require a more long term outlook. Tiger Global Management, which has already invested in several high profile start-ups in the U.S., such as LinkedIn, Facebook, and Zynga, is looking to diversify its tech holdings with investments in China, Brazil and India. | ||
For Detailed Investor Profiles on these Investors, click below: |
Lone Pine Capital |
Tiger Global Management |
Related People: Chase Coleman;
Related Entities: Lone Balsam LP;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
Add a Comment |
More Recent Headlines
AQR Capital Management Launches Multi-Strategy Alternative Mutual Fund |
Morgan Sze's Azentus Capital to raise $2 billion for Asia investments |
Benjamin Fuchs to Launch His Own Nomura-backed Hedge Fund |
GLG Founder Pierre Lagrange to offer flagship fund to UK market |
Clinton Group’s Ellen Wang plans to launch hedge fund Academy Investments |
Greenlight Capital’s David Einhorn, Still Waiting for Answer on Mets Deal |
Hedge Funds Betting On Spread of Sovereign Debt Crisis in Euro Zone |
Brigade Capital, GoldenTree & Venor Capital gain big on tobacco bonds bets in June |
The Cooling Market for Hedge Fund Traders |
Falling Oil Prices Fuel Commodity Hedge Fund Losses in May and June |
