The Investment Titan Who Outmaneuvered The Facebook Free Fall and Market Turmoil In May
by admin on June 7, 2012
The legend of Charles “Chase” Coleman III continued in May. The investment titan who runs $10 billion Tiger Global Management sidestepped Facebook’s terrible stock performance and the market upheaval sparked by European elections in May unlike many other Wall Street players who got pummeled by both events.
Coleman smartly had his venture capital vehicles scoop up pre-IPO Facebook shares a long time ago and then managed to sell about one-third of his holdings, more than 19 million shares, in the May IPO for $37.6 each, collecting some $715 million.
Read Full Article At Forbes.
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