{"id":57406,"date":"2017-04-07T08:14:26","date_gmt":"2017-04-07T12:14:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=57406"},"modified":"2017-04-07T08:14:26","modified_gmt":"2017-04-07T12:14:26","slug":"hedge-fund-tiger-global-is-making-a-major-bet-on-billionaire-leon-black","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2017\/hedge-fund-tiger-global-is-making-a-major-bet-on-billionaire-leon-black.html","title":{"rendered":"Hedge Fund Tiger Global is Making a Major Bet on Billionaire Leon Black"},"content":{"rendered":"<p>(Forbes) Hedge funds are losing billions in assets amid flagging performance and investor angst over high fees. Amid this money sinkhole, private equity giants like Blackstone Group, Apollo Global, KKR &#038; Co. and Carlyle Group used 2016 to draw in tens of billions of dollars apiece in new investments from sovereign wealth funds and other institutional investors in search of uncorrelated, above-market returns.<\/p>\n<p>Now one of the world&#8217;s most closely-watched hedge funds, billionaire Chase Coleman&#8217;s Tiger Global, is spotting value in private equity stocks. Tiger Global, which reportedly lost about 15% in 2016, has been building a major stake in the publicly-traded units of Apollo Global, the private equity giant with $192 billion in assets co-founded by billionaires Leon Black, Marc Rowan and Joshua Harris. Since first disclosing a stake Apollo in mid-March, Tiger Global has been buying shares hand over fist.<\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/antoinegara\/2017\/04\/06\/after-a-brutal-2016-hedge-fund-tiger-global-is-betting-on-billionaire-leon-black\/#5c25e8f62697\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Forbes) Hedge funds are losing billions in assets amid flagging performance and investor angst over high fees. Amid this money sinkhole, private equity giants like Blackstone Group, Apollo Global, KKR &#038; Co. and Carlyle Group used 2016 to draw in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57406","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=57406"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57406\/revisions"}],"predecessor-version":[{"id":57407,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57406\/revisions\/57407"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=57406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=57406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=57406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}