Tiger Global Up, Third Point Down in October

Momentum stocks rebounded, fueling Chase Coleman’s hedge fund.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

Is it a tale of two markets? Recent performance by Chase Coleman’s Tiger Global and Dan Loeb’s Third Point might make one think so.

Chase Coleman’s Tiger Global, known for its savvy investing in momentum technology and internet stocks, gained 2.9 percent in October, continuing its market-beating performance this year, according to an individual familiar with the hedge fund.


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