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Tiger Global Already Profits from Groupon Stake


Hedge fund giant Tiger Global Management which is run by Chase Coleman, one of Julian Robertson’s proteges, has already made quite a nice profit from the position his firm took in Groupon ($GRPN) nearly a week ago. The roughly 10% stake in the company was initiated after shares of Groupon sank to new lows amid many investor concerns including questions about the direction of the company’s business model. Shares have rallied since, boosted amid news that Tiger Global had made such a large investment (65 million shares) in the company.

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