Holy Hannah! Tiger
Global, one of the world's best-performing hedge funds, ended the third quarter
with strong gains, leaving the fund up 22.4 percent for the year, two people
familiar with the numbers told Reuters..
The roughly $6 billion fund, run by Chase Coleman and Feroz
Dewan, has been the darling of the investment community for its string of
strong returns at a time when the average hedge fund is delivering only low
single-digit returns.
In 2011, when most funds nursed losses, Tiger Global
captured headlines with a 45 percent gain for the year after having made a good
chunk of money on the short side, people familiar with the portfolio said.
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