Business News Chase Coleman

  • BOSTON, Jan 10- Investment firm Tiger Global Management, which oversees $23 billion in assets, told investors its hedge fund gained 13.6 percent last year. The average stocks-oriented hedge fund lost 6.9 percent last year, according to data from Hedge Fund Research. The firm also got a boost from its investment in e-cigarette maker Juul Labs Inc..

  • NEW YORK, Nov 14- Several prominent investors put fresh money to work in Apple during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker's stock would keep rising as strong growth overshadowed rising trade tensions between the United States and China. Philippe Laffont's Coatue Management made a big bet by...

  • The new funding round values San Francisco- based Stripe, whose products make it easier for companies to accept online payments and bill customers, at $20.25 billion, a dramatic surge from its most recent $9.2 billion valuation in 2016.. Stripe will use the funds to fuel growth in key overseas markets such as Southeast Asia and India, where it plans to tap into the...

  • Sept 26- U.S. payments firm Stripe said on Wednesday it has raised $245 million in a new round of funding, valuing the company at $20 billion. The company also said it hopes to tap the growing use of ecommerce, mainly in southeast Asia and India. Stripe, which was valued at about $9 billion in late 2016, said on Wednesday it added Alphabet Inc's Google, Uber Technologies...

  • Larry Robbins

    A group of prominent hedge funds have roared back with market-trouncing returns in 2017.

  • Philippe Laffont, founder and chief investment officer of Coatue Management LLC.

    Some $70 million in research by Coatue Management this year has so far yielded three themes for investing in technology.

  • Feroz Dewan at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, last July.

    A high-flying private investment firm known for its prescient bets on tech is losing two of its top executives.

  • One-time hedge fund darling Apple was dropped by more famous hedge fund managers in the first quarter.

  • The roughly $6 billion fund, run by Chase Coleman and Feroz Dewan, has been the darling of the investment community for its string of strong returns at a time when the average hedge fund is delivering only low single-digit returns. At the end of the second quarter the New York- based fund listed Apple Inc, Yandex NV and Google Inc.