From Forbes: The hottest hedge fund manager in America, who
has traded Facebook better than anybody, was a big buyer of Facebook stock
during the summer. Charles “Chase”
Coleman’s $6 billion Tiger Global hedge fund held 11.7 million shares of
Facebook, valued at $254 million, as of September 30, according to a Securities
& Exchange Commission filing. His hedge fund, which he co-manages with
Feroz Dewan, only owned 2 million Facebook shares on June 30. Facebook’s stock
fell in price dramatically after the end of June when Coleman built his hedge
fund’s position.
Coleman’s Tiger Global Management money management firm set
up a venture capital vehicle to buy Facebook stock long before the company’s
initial public offering in May. By the time the company went public, Coleman
had built a position of more than 50 million shares that he got at bargain prices….
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