Several Hedge Funds Boost Their Uber Stakes

Tiger Global, Viking, Darsana, and others appeared to bottom-fish the shares of the controversial ride sharing app.

(David Paul Morris/Bloomberg)

(David Paul Morris/Bloomberg)

In the fourth quarter, the smart money bet on Uber Technologies, the loss-plagued ride-sharing app.

Several major hedge funds sharply boosted their stakes in the company, while other established new positions.

For example, Tiger Global Management, run by Chase Coleman and Scott Shleifer, more than tripled its stake in Uber to more than 21.6

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