From Forbes: Charles “Chase” Coleman, whose $8 billion Tiger Global hedge
fund has been one of the top-performing hedge funds on the planet over the last
two years, has taken a big stake in Groupon, the daily deals company whose
stock has been the worst-performing major stock in America this year.
According to a Securities & Exchange Commission filing,
Tiger Global has taken a 9.9% stake in Groupon, buying up 65 million shares by
November 9. The Tiger Global hedge fund, which is co-managed by Feroz Dewan,
had previously taken a small stake in Groupon during the third-quarter of the
year.
Coleman has been betting on the turnaround of some of the
most beaten up tech stocks lately, disclosing stakes in companies like Groupon
and Facebook,…
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