At the end of 2020, Chase Coleman's Tiger Global was flying high.
The hedge fund reported a 48% gain that year, as its bets on high-flying technology stocks paid off. Analysts argued that this performance had been years in the making, ever since Coleman set out on his own.
Years in the making
Coleman trained under Julian Robinson in the late 1990s and left his fund to set up Tiger Global just after the dot-com bubble burst. This fortuitous timing enabled him to capitalize on the low valuations of technology stocks both in the US and China.
He...