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- The Fabulous Life Of 'Tiger Cub' Chase Coleman-The World's Youngest Billionaire Hedge Funder
- The Fabulous Life Of 'Tiger Cub' Chase Coleman-The World's Youngest Billionaire Hedge Funder
The Fabulous Life Of 'Tiger Cub' Chase Coleman-The World's Youngest Billionaire Hedge Funder
Coleman grew up in one of America's wealthiest zip codes.
Coleman was raised in Glen Head, an affluent area on New York's Long Island.
His father is a corporate attorney and his mother is an interior designer.
Coleman’s father is a partner at corporate law firm Pillsbury Winthrop Shaw Pittman LLP in New York. His mother owns an interior design business.
Fun Fact: Coleman is a descendant of Peter Stuyvesant, the last Dutch governor of New York.
You might remember from history class, that Stuyvesant is the man who built the wall that Wall Street is named after.
He went to an elite boarding school in Massachusetts.
He went to elite prep school Deerfield Academy in Massachusetts.
And then to the same college as his grandfather. He played lacrosse in college.
Coleman, who played on the lacrosse team, graduated from Williams College in 1997 with a degree in Spanish and Economics.
After leaving Williams, he became a Tiger.
After graduation, he went to work as a tech analyst for legendary hedge fund manager Julian Robertson at Tiger Management.
Coleman had a connection to the firm — he grew up with Robertson's son Spencer.
Robertson told Bloomberg Markets that he "would always bet on Chase."
After that, he set off with $25 million from Robertson to start his own shop becoming a so-called "Tiger cub"
Robertson closed Tiger Management in 2000 and gave Coleman, who was 25 at the time, $25 million to manage.
The tech analyst named his fund Tiger Technology Management, which he later changed to Tiger Global.
Source: Bloomberg Markets Magazine
He's done a lot with Robertson's investment.
Coleman has helped build Tiger Global into a $6 billion firm.
Tiger Global's private equity business, which is co-headed Lee Fixel and Scott Shleifer, was an early investor in Internet companies such as Facebook and Zynga.
Tiger Global got out of Facebook last year.
Tiger Global dumped its entire stake in Facebook during the fourth quarter of 2012, according to a 13F filing with the SEC.
Tiger Global owned 11,749,221 shares at the end of Q3, the filing shows.
The fund, co-headed by Coleman and Feroz Dewan, has had some astonishing returns.
It was the No. 1 most profitable hedge fund in 2011 amid volatile markets and economic turmoil posting a total return of 45%, according to Bloomberg Markets Magazine.
In 2012, it was the No. 12 most profitable with a total return of 21%.
Coleman has a stellar resume as well.
As for his personal life, 7 years ago he married a pretty blonde named Stephanie Ercklentz.
The couple was married in 2005 at the Church of Bethesda-by-the-Sea in Palm Beach.
She comes from money, too.
His wife, the daughter of Mai Hallingby-Harrison and Enno Ercklentz Jr., was featured in the Johnson & Johnson heir Jamie Johnson's documentary "Born Rich."
Her grandfather, Enno Ercklentz, was a German banker who became CEO of a chemical company after moving to the U.S. in 1926, according to the Bloomberg Markets' report citing his obituary.
Now they live in a lavish apartment.
The couple paid $36.5 million for two apartments in a building on Fifth Avenue in Manhattan, the report said.
Coleman has become a supporter of the Republican party.
In 2011, Coleman donated $30,800 to the National Republican Senatorial Committee and he's given at least $5,000 to Republican frontrunner Mitt Romney.
It all sounds fabulous, but just like anyone, he's had his up and his downs.
According to Bloomberg Markets, Coleman's Tiger Global fund was up 45% total return in 2011.
His worst performance years were 2008 and 2009. He lost 26% in 2008.
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