Tiger Global Dumped Its Stake in High-Flying Coinbase (COIN) Stock

The past few years haven’t exactly been rewarding for Tiger Cub and billionaire Chase Coleman and his hedge fund, Tiger Global. The fund lost 7% in 2021 and another 56% in 2022 before returning 28.5% in 2023. Still, the fund is tech-centric and underperformed by a wide margin compared to the Nasdaq 100’s 2023 return of 55.1%, which marked its best return since 1999.Tiger Global operates as a concentrated long/short fund. As of Dec. 31, 20 it had a 13F assets under management (AUM). Its top 10 positions make ...