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The World’s Hottest Hedge Fund Manager Has Been Buying Facebook

Forbes – The hottest hedge fund manager in America, who has traded Facebook better than anybody, was a big buyer of Facebook stock during the summer.

Charles “Chase” Coleman’s $8 billion Tiger Global hedge fund held 11.7 million shares of Facebook, valued at $254 million, as of September 30, according to a Securities & Exchange Commission filing. His hedge fund, which he co-manages with Feroz Dewan, only owned 2 million Facebook shares on June 30. Facebook’s stock fell in price dramatically after the end of June when Coleman built his hedge fund’s position.

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