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Tiger Global’s Top Hedge Fund Jumped 14% in 2018

(Bloomberg) Tiger Global Management gained almost 14 percent last year in its flagship hedge fund, placing it among a handful of standout performers in a rough year for the industry. Chase Coleman’s long-short hedge fund, which manages $8.5 billion, rose 0.9 percent in December, according to a person familiar with the matter. Performance was driven by investments in cloud infrastructure and software-as-a-service companies including Amazon.com Inc., Microsoft Corp. and Salesforce.com Inc., said the person. It also won on its bet on Netflix Inc.

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