Take your money, please!
Tiger Global, the $8.2 billion New York hedge fund run by Chase Coleman and Feroz Dewan, has made so much money that it’s doing the nearly unthinkable — it’s giving some back to investors at year end, The Post has learned.
The fund has gained 25.5 percent so far this year.
Hedge-fund honchos rarely return capital voluntarily. Recently, Moore Capital’s Louis Bacon gave money back to investors, but it was because the poorly performing fund couldn’t find enough investing opportunities.
That’s clearly not the case for Tiger Global. “We continue to believe that managing a smaller asset base gives us the best chance to generate strong returns over the long-term,” the managers wrote in a Nov. 9 letter to investors obtained by The Post.