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Some prominent hedge funds hurt by tech are back with gains

04
Jul
2014

By Svea Herbst-Bayliss BOSTON (Reuters) – For some hedge funds hurt by tumbling technology stocks earlier this year, tenacity has been a virtue. Andor Capital and Tiger Global Management, two of the industrys most closely watched investment firms, delivered good news to clients as they finalized first-half returns. Tiger Global, which oversees $14.5 billion in hedge fund and private equity portfolios and was founded by Chase Coleman, told investors that the hedge fund portfolio rose 6 percent in June, leaving it up 15.25 percent for the year, said an investor who is not permitted to discuss the portfolio publicly.

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