Tiger Global Boosts Fiat Chrysler Stake to $1 Billion Holding
- Coleman’s fund more than doubled position since end of June
- Tiger Global becomes fourth biggest investor in automaker
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Chase Coleman’s Tiger Global Management has invested more than $1 billion in Fiat Chrysler Automobiles NV after more than doubling its position in the carmaker since the end of June.
The U.S. fund becomes the fourth biggest investor in the Italian American company. Tiger Global increased its stake to 59.67 million shares as of Sept. 3, Dutch regulator AFM’s website shows. Tiger Global, which oversees about $22 billion in assets, had 26.05 million Fiat Chrysler shares at the end of June, according to Bloomberg data.