Tiger Global, Coatue Score Double-Digit Fund Gains in 2020
- Viking, Light Street also among stock-pickers up in first half
- Equity funds run by Tiger Cubs beat stock market amid pandemic
Chase Coleman
Photographer: Amanda L. Gordon/BloombergThis article is for subscribers only.
Stock-picking hedge funds led by Chase Coleman, Philippe Laffont and Andreas Halversen notched double-digit gains in the first half, beating turbulent equity markets amid the coronavirus pandemic.
Tiger Global Management, run by founder Coleman, has climbed roughly 17% this year in its flagship hedge fund, according to people with knowledge of the matter. It was up about 6.5% in June, said the people, asking not to be named because the information is private. Meanwhile, Halvorsen’s Viking Global Investors rose 2% in its hedge fund in June, bringing this year’s returns to 11%, according to another person.