Julian Robertson Follower Coaxes 45% Out of Top Hedge Fund

February 15, 2012 James Heinsman In the News

Charles Payson Coleman III

After attending Williams College like his father and grandfather, descendants of Peter Stuyvesant, the last Dutch governor of New York, Charles Payson Coleman III, went to work for Julian Robertson at Tiger Management LLC.

That year, 2000, Robertson, who was 79, closed his fund and handed over $25 million to Coleman to manage. Coleman was 25 years old at the time. Coleman took the money and built a $10 billion company within 12 years. Coleman, also known as Chase, invested in internet companies before they went public. Now Coleman owns undisclosed amounts of Facebook and Zynga Inc. In December Zynga raised over $1 billion in an IPO. Facebook is set to go public in a few months from now.

In the first 10 months of 2011 Coleman’s flagship $6 billion Tiger Global fund increased in value by 45%, getting itself placed on the Bloomberg Markets list of the 100 best-performing hedge funds which manage over $1 billion. The fund is managed in partnership with Feroz Dewan, who is an engineer and mathematician who received his education at Princeton.

“I have known Chase since he was a small boy,” Robertson wrote in a statement. “He’s a great competitor and an immensely gifted portfolio manager. I would always bet on Chase.”

Charles Payson Coleman, hedge fund, Julian Robertson, Tiger Global Fund, Tiger Management,

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