6 Chase Coleman
TIGER GLOBAL MANAGEMENT
$550 MILLION
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Chase Coleman (Illustration by Mitch Blunt ) |
He may come from old money, but in 2011 few managers were better at making new money than Chase Coleman. His New York–based hedge fund Tiger Global delivered a 45 percent net return, helping Coleman make his second appearance on the Rich List after a three-year absence.
Coleman, who manages about $6 billion in three hedge funds and an additional $4 billion in six private equity funds, made a big portion of his profits last year from start-up and fledgling Internet companies. At year-end the largest public holding in his hedge fund was Russian search engine company Yandex, which accounted for more than $1 billion of Tiger Global’s $5.7 billion long stock portfolio. He also held large positions in Priceline.com, Google and Baidu. Coleman makes...