By Syndication Washington Post, Bloomberg · Hema Parmar
The stock-picking hedge fund was just down 0.2% in December, according to a person familiar with the matter.
In September, the fund cut its valuation Juul by half to $19 billion, Bloomberg reported. The fund was poised to record a $1 billion profit on its private investment in exercise company start-up Peloton Interactive Inc. if it went public at $26 a share. Peloton debuted at $29. The S&P 500 Index gained 29% last year.
Tiger Global's returns benefited as its seven-largest disclosed U.S. stock positions as of the third quarter all climbed double-digits last year. Of them, Apollo Global Management Inc. jumped about 107%, TransDigm Group Inc. soared 84% and JD.com Inc. rose 68%.
Coleman's Tiger Global, which runs both a hedge fund and also makes private venture investments, oversees $36 billion. The firm's assets have swelled by 80% since May 2015.
A spokeswoman for the firm declined to comment.