Tiger Global Management, LLC (also sometimes known as TGM) is an investment management firm with more than $79 billion in assets under management (AUM). It currently manages a total of 20 pooled investment vehicles, seven of which are hedge funds. The firm currently employs 43 advisors.
It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. If you're looking for trusted and comprehensive support in managing your own finances, consider speaking to a professional financial advisor.
Tiger Global Management Background
Tiger Global Management, LLC is an investment advisor headquartered in New York City. The firm began operations in March of 2001. Its principal owner is Charles P. Coleman III.
The firm describes itself on its website as an investment firm that is focused on public and private companies in the global internet, software, consumer and financial technology industries. It provides discretionary investment advisory services to:
- Open-ended long/short private investment funds (known as TGI)
- Open-ended long opportunities private investment funds (known as the Long Opportunities Fund)
- Closed-end private investment funds (known as the Private Equity Funds)
Advisors at the firm do not tailor their services to the individual needs of clients. Additionally, clients are not allowed to impose restrictions on investing in certain securities or types of securities.
Any initial and additional minimum amounts are detailed in the funds' governing documents.
Tiger Global Management Investment Philosophy
Tiger Global Management uses a variety of methods and strategies to make investment recommendations and decisions. The firm's goal is to provide excellent long-term, risk-adjusted capital appreciation (gain in value) through its portfolio of long, short and private investments in global markets.
With regards to public equity investments, the firm applies a fundamental analysis approach in addition to thorough research in order to source long and short investment opportunities across various sectors and locations.
With regards to private equity investments, the firm also takes an investment approach that is oriented towards fundamental analysis in order to identify new investment opportunities in companies across various sectors and locations.
In both of the above cases, advisor staff members spend a substantial amount of time analyzing models, valuation and existing portfolio investments.
Of course, all current and potential clients should be aware that no investment strategy can guarantee against risk of loss.
Largest Hedge Funds Managed by Tiger Global Management
Tiger Global Investments, LP
- AUM: $34,902,201,023
- Minimum: $1 million
- Beneficial Owners: 769
Tiger Global Long Opportunities Master Fund, LP
- AUM: $14,800,263,584
- Minimum: $1 million
- Beneficial Owners: 457
Tiger Global, LP
- AUM: $12,639,411,288
- Minimum: $1 million
- Beneficial Owners: 492
Tiger Global, Ltd.
- AUM: $7,599,134,148
- Minimum: $1 million
- Beneficial Owners: 202
Tiger Global Long Opportunities, LP
- AUM: $5,250,579,293
- Minimum: $1 million
- Beneficial Owners: 301
Fees at Tiger Global Management
Fees at Tiger Global Management include fees based on AUM as well as performance-based fees.
Asset-based fees amount to 1.5% per year of the net assets of the open-ended long/short TGI funds (listed above) and 1.25% per year of the net assets of the open-ended Long Opportunities Fund (listed above). For the closed-end Private Equity Funds, asset-based fees amount to 2% per year.
With regards to performance-based fees, these amount to 20% of net profits for the TGI and Long Opportunities Funds and 20-25% of net profits of the Private Equity Funds.
Beyond this, other additional fees and expenses may apply - including but not limited to registration fees, maintenance fees, certain taxes and regulatory expenses - so it is imperative that potential and existing clients read the offering documents carefully and reach out about specific fees charged to their fund.
What to Watch Out For
Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only to accredited investors. Such investors differ from retail investors or individual investors, who might be taking a more DIY approach or enlisting the services of a financial advisor.
Within the past 10 years, Tiger Global Management has had one regulatory action disclosed, from April 2020, in its latest Form ADV filing with the SEC. Initiated by the Swedish Financial Supervisory Authority (SFSA), the allegation was that the advisor submitted a net short filing with regards to a Swedish issuer after the applicable filing deadline. The firm provided adequate documentation to explain its tardiness and the SFSA reduced the penalty fee to approximately $365.
As an SEC-registered investment manager, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times. You can view its latest Form ADV on the official website of the Securities & Exchange Commission (SEC).
Becoming a Client of Tiger Global Management
If you are an accredited investor and wish to become a client of Tiger Global Management, you can visit the firm's website or call (212) 984-8800.
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