Tiger Global to Take a $1 Billion Stake in Barclays

Chase Coleman’s hedge fund said to have bought at November low
Shares rise most in Bloomberg Europe financials index

Bloomberg’s Jason Kelly reports on Tiger Global taking a $1 billion stake in Barclays.(Source: Bloomberg)

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By Stephen Morris

January 22, 2018 at 11:24 AM UTC

This article is for subscribers only.

Tiger Global Management LLC has amassed a stake of about $1 billion in Barclays Plc, according to a person with knowledge of the hedge fund’s investment.

The New York-based firm’s holding now amounts to about 2.5 percent, the person said, asking not to be identified as the investment hasn’t been publicly disclosed. The purchase makes Tiger Global a top 10 investor in Barclays, the person said. It would be the seventh largest holder, according to data compiled by Bloomberg.