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☆ Lee Ainslie's Maverick Capital is soaring this year after buying Nvidia. His Tiger Cub peers had a pretty good month too.
▼ + stars: | 2023-06-09 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

Tiger Global and Coatue have also returned double-digits this year thanks to the resurgence of tech stocks. The Tiger Cub's fund rose 5.60% in May and has gained 19.48% year to date, according to HSBC's Hedge Weekly performance report. This is a welcome turn of events for the Tiger Cubs, funds founded by portfolio managers who worked under the legendary Tiger Management head Julian Robertson. Tiger Global finished the year down 56%, and Coatue lost 18.8%. Fellow Tiger Cubs Lone Pine and grand cub D1 Capital also had double-digit losses, while Viking Global reported a single-digit loss.

Persons: Lee, Ainslie, Wall, Lee Ainslie's, Ainslee, Chase, Philippe Laffont's Coatue, Dan Sundheim, Andreas Halvorsen's Viking, Julian Robertson, Maverick, Coatue, Bloomberg's Katherine Burton, Hema Parmar Organizations: Nvidia, Tiger Global, Facebook, Bloomberg, D1, Andreas Halvorsen's Viking Global, Tiger Cubs, Tiger Management, Fellow Tiger Cubs, Viking Global, Fund Research

☆ Tiger Global makes new bets on Apple and Taiwan Semi in the first quarter
▼ + stars: | 2023-05-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Tiger Global Management made a new bet on Apple in the first quarter, while expanding positions in some major technology players that posted a strong start to the year. Tiger also upped its stake in technology leaders Alphabet, Amazon and Microsoft in the first quarter. The latest securities filings also showed Tiger exited small positions in Roblox , Warby Parker and Pinduoduo parent PDD Holdings . Coleman founded Tiger Global in 2001. He is widely known as one of the Tiger Cub hedge fund managers who worked at Tiger Management under Julian Robertson.

☆ Tiger-cub hedge fund Coatue drastically increases Big Tech holdings, doubles down on chip stocks
▼ + stars: | 2023-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Meta became Coatue's biggest holding at the end of March, with a stake worth $1.7 billion, the filing showed. The Facebook parent has been one of the biggest winners in the tech sector this year, rising nearly 100%. Chip giant Nvidia was Coatue's second-biggest holding at the end of March after the hedge fund raised the stake slightly. The New York-based fund also upped its AMD stake dramatically last quarter, making it its seventh-largest holding. The hedge fund also picked up Taiwan Semiconductor , building a new stake worth more than $500 million.

☆ Stephen Mandel's Lone Pine doubles down on Big Tech and chip stocks to ride on the rebound
▼ + stars: | 2023-02-16 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Lone Pine Capital doubled down on technology stocks in the fourth quarter, just in time to benefit from the big rebound, a new regulatory filing showed. Stephen Mandel's hedge fund significantly increased its holdings in Microsoft and Amazon , making them top bets at the end of the fourth quarter, the filing showed. Mandel founded Lone Pine Capital in 1997 and boasts one of the best long-term track records in the industry. Mandel is one of the so-called "Tiger Cubs," mentored by legendary hedge fund pioneer Julian Robertson. Lone Pine increased its exposure in the semiconductor industry last quarter.

☆ Viking Global adds CSX and Fortinet, exits T-Mobile in the fourth quarter
▼ + stars: | 2023-02-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Viking Global swapped out several positions worth hundreds of millions of dollars in an active fourth quarter for the hedge fund, according to securities filings . Viking, which is run by Andreas Halvorsen, revealed several notable new positions, including a stake in CSX worth more than $480 million. Viking Global also exited several large positions during the quarter, including stakes in T-Mobile and Salesforce that were worth about $446 million and $345 million, respectively, at the end of the third quarter. Other large positions that were zeroed out include Parker Hannifin , Take-Two Interactive and Western Digital . The listed equity holdings for Viking Global totaled about $20 billion at the end of the quarter.

☆ Philippe Laffont's Coatue adds to bets on Big Tech and Moderna
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Meanwhile, Coatue's stake in Moderna grew by 12%, bringing the value of that position above $1.1 billion as of the end of December. The firm added several new positions in the quarter, taking relatively small stakes in Alphabet and Charter Communications , among others. Coatue also added to its stake in Tesla , a reversal from the third quarter r when it reduced the size of that position. The listed equity positions were worth $8.9 billion at the end of December, according to a CNBC calculation. Coatue also exited smaller positions in several stocks during the fourth quarter, including Palo Alto , Paramount Global, Shopify and Visa .

☆ Tiger Global Management trims top tech holdings, adds new position in ZoomInfo
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Tech-focused hedge fund Tiger Global Management sold large chunks from several of its biggest positions in the fourth quarter , but investor Chase Coleman didn't completely turn his back on the market. Tiger Global trimmed its stake in most of its top holdings, according to securities filings and VerityData's InsiderScore.com. Elsewhere, Tiger Global eliminated positions in RingCentral and Li Auto that were worth about $99 million and $396 million, respectively, at the end of the third quarter. Coleman is one of the so-called Tiger Cub hedge fund managers who worked under Julian Robertson at Tiger Management. Tiger Global was one of the tech-focused hedge funds that was caught offsides by last year's sharp pullback for growth stocks.

☆ Central Park Home of Late Hedge-Fund Titan Julian Robertson Jr. Lists for $30 Million
▼ + stars: | 2023-01-25 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. An apartment on Central Park long owned by the late hedge-fund founder Julian H. Robertson Jr . is on the market for $30 million.

☆ Top hedge funds earned sharply less for clients in 2022, LCH data shows
▼ + stars: | 2023-01-23 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Jan 23 (Reuters) - The 20 best performing hedge fund managers earned $22.4 billion for investors in 2022, marking their slimmest gains since 2016 as many firms, including Tiger Global Management, struggled with slumping financial markets, LCH Investments data show. The top 20 managers, led by Ken Griffin's Citadel, Bridgewater Associates and D.E. Overall, hedge funds lost $208 billion in 2022 for clients, marking the biggest single-year decline since 2008, when they lost $565 billion, LCH data showed. Hedge funds, which were jointly managing $3.3 trillion on Dec. 31, 2022, according to eVestment data, often promise to outperform, especially when markets are stumbling. Shaw, Millennium Management, Soros Fund Management, Elliott Management, and Viking Global Investors also ranked in the top 10.

☆ Accusations of a bro culture cloud Tiger Global's fundraising efforts after a $10 million settlement
▼ + stars: | 2023-01-14 | by ( Rebecca Ungarino | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

Investors have learned of a $10 million settlement Tiger Global made to a former female employee. Investors don't really need another reason to shy away from Tiger Global Management after a year of terrible performance. The employee who settled with Tiger alleged that Tiger fostered a type of bro culture, led by men who prevented women executives from getting equal opportunities inside the firm. "Prioritizing these values in our day-to-day interactions inside and outside of Tiger Global has been the glue that has underpinned our success for the past 21 years. We remain committed to driving continuous improvement across Tiger Global as we look towards the future."

☆ Maverick Capital bets again on Netflix, reveals new stake in this chemicals stock
▼ + stars: | 2022-11-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Lee Ainslie's Maverick Capital is betting on Netflix once again and beefing up positions in several beaten-up technology stocks after a rough year for the sector. The hedge fund opened a fresh stake worth $82.9 million in Netflix during the third quarter, according to regulatory filings. Ainslie owned the streaming stock earlier this year, but liquidated his position during the second quarter. Netflix shares have come under pressure this year in an increasingly competitive streaming environment, with shares down roughly 49%. Coatue Management, meanwhile, trimmed its position in the streaming stock.

☆ $14 billion hedge fund Schonfeld is focused on hiring as underperforming shops face a shakeout
▼ + stars: | 2022-09-19 | by ( Alyson Velati | ) www.businessinsider.com time to read: +4 min

The hedge fund industry in the early days of a consolidation wave, according to headhunter Ilana Weinstein. The writing is on the wall for hedge funds whose performance have taken massive hits over the last few months. The S&P 500 and the average hedge fund, according to Hedge Fund Research, dropped 18% and 4% year to date, respectively. To stay competitive amid consolidation in the hedge fund industry, Tolkin said $14.1 billion Schonfeld Strategic Advisors is looking to attract talent from different backgrounds and that can provide different ideas. This will help the firm become one of the "winners" amid the industry consolidation, Tolkin said.

☆ It's time to get rid of managers. All of them.
▼ + stars: | 2022-05-12 | by ( Molly Lipson | ) www.businessinsider.com time to read: +15 min

What would happen if a company completely got rid of middle managers? In 2012, the publishing company Medium restructured its organization and moved away from centralized management power. The model gets rid of managers and spreads their responsibilities across different roles, giving average workers more of a voice. The reality is that psychological safety isn't intrinsically available to everyone, and holacracy doesn't have anything in it to ensure that safety." It's true that holacracy doesn't eliminate the power structures determined by characteristics such as race, gender, age, and sexuality.

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