Hedge Crunch FinancialTiger Global
Investors Take A Bite Out of FANG
Acronym lovers will most likely be searching for another letter to replace the “F” in “FANG” since Facebook’s 19% plunge in value last week. FANG is an abbreviation created by Jim Cramer of “The Street” several years ago as a quick way to refer to Wall Street’s best and brightest: Facebook, Amazon, Netflix and Google. […]
Third Quarter Favorites for Hedge Funds: PayPal and Netflix
The third quarter 13F filings revealed that several high-profile hedge fund managers have increased their stakes in the media company Netflix and the financial services company PayPal. Viking Global investors bought 4.5 million additional shares of Netflix and Tiger Global Management purchased 15.43 million shares for a grand total of 18 million. Soros has bets […]
Tiger Global’s Coleman Betting on Groupon
Charles “Chase” Coleman, manager of one of the world’s best-performing hedge funds during the past two years, has decided now is the time to bet on Groupon, basically the worst-performing major stock in the US this past year. Coleman’s Tiger Global, with an AUM of about $8 billion, is going for Groupon in a big […]
Hedge Funds Gobbling Up Facebook After Dreadful Q2 Earnings Report
Facebook, the exceedingly popular social media platform, is being bought up by a few top hedge fund stock pickers after shares of the company lost 32 percent of their value in just one week. Although Facebook has not had trouble enlarging its user base steadily over the years, translating that popularity into a solid source […]