6 Chase Coleman
TIGER GLOBAL MANAGEMENT
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.
||Chase Coleman (Illustration by Mitch Blunt ) |
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...