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Valiant Invested in Facebook Before It Went Public — And Now It’s Cashed Out

The hedge fund’s exit from Facebook was one of several big moves by Tiger-related funds during the fourth quarter.

Chris Hansen’s Valiant Capital Management fully exited its stake in Facebook during the fourth quarter, according to its recently filed 13F document.The hedge fund firm had invested in the social media pioneer two years before the Facebook went public in 2012.The exit was one of several significant portfolio changes made

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