Wednesday, August 22, 2012

Tiger Global Bets on Internet, Financial Services

Tiger Global Management's Chase Coleman beefed up his hedge fund portfolio with credit card firms, including Visa (V) and MasterCard(MC), during the third quarter.

The $4.8 billion fund shuffled its portfolio in the third quarter and showed a penchant for financial services firms. The fund bought shares of Visa, which has gained 36% this year. It also added shares of MasterCard, the second-largest credit card network in the world.

See if (V) is in our portfolio

>>View Tiger Global's PortfolioThe fund also bought a big stake in Chinese Internet service Baidu(BIDU), which is up 43% this year. The stock has gained a mind-blowing 93% annually, on average, during the past three years. Another potential winner for the fund is travel booking website Priceline.com (PCLN), which is up 34% this year.

>To order reprints of this article, click here: Reprints

No comments:

Post a Comment