It is 20 years since Chase Coleman launched his hedge fund, Tiger Global, with a seed investment from legendary hedge fund manager Julian Robertson. During this time, the firm has carved out a reputation for being one of the most successful hedge funds of all time.
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Its flagship long-short equity fund has compounded investors' capital at 21% per annum after fees for the past 20 years, suggesting that an investment in the fund at inception would have grown 43 times net of costs over the last two decades.
Lessons Learned
In a letter to the firm's investors dated February 26, 2021, a copy...

