Coatue Management

The hedge fund’s gains were heavily driven by new positions taken in 2016.
At least four hedge fund firms have bought private stock in the social media company, whose planned offering could value it at $25 billion.
The troubled drugmaker takes another plunge as it reduces guidance. Here’s a quick survey of the firms that are taking a bath and those that look like geniuses.
Financing round illustrates increasing popularity of private investments for hedge funds, particularly as companies delay their initial public offerings.