Vipshop And Alibaba Boost Tiger Global To A 21% Return In 2014

I knew a “Chas,” or Charles, in high school who reminds me of "Chase" Coleman. Chas started out playing Stratego as a child, but it was too one dimensional a game. Next he upgraded to the board game Risk, but didn’t like the role luck played in how the dice landed. Then, perhaps like the thirty something hedge fund manager "Chase" Colmen, Chas began to master the game of chess.

Now grown up Chase Coleman appears like the Chas I knew, and it shows in Tiger Global’s recent Q4 2014 investment letter, a copy of which was reviewed by ValueWalk. The Hedge Fund has generated CAGR 27.4% gross since inception in 2001, including an impressive 21.1% gross return in 2014 -...