Chase Coleman's Tiger Global has been killing it over the last 15 months, with its public longs returning over 80% from the beginning of 2023 through the end of the first quarter of 2024 — more than doubling the S&P 500's return over the same timeframe. Meanwhile, the Tiger funds' short positions generated alpha.
For just the first quarter, Tiger Global's public long portfolios returned about 18%, led by investments in "hyperscalers," namely, Meta Platforms, Microsoft, Amazon and Alphabet. Long positions in consumer internet stocks Sea Limited and DoorDash also contributed to the first-quarter return, as did select non-technology...