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 companies,…
Tiger Global Funds Returned 84 Percent in 15 Months, Led by Hyperscalers, Consumer Internet and Aerospace [Exclusive]
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
