Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds on the hunt for tech stocks on exchanges and secondary market

Monday, June 06, 2011

From Kirsten Bischoff, Opalesque New York:

Hedge fund Tiger Global took a large stake in LinkedIn stock late last week (hat tip to TechCrunch), according to a filing with the SEC. The firm now owns 4% of LinkedIn stock, and has also invested in internet firms Zynga, Facebook and Yandex (the most popular search engine in Russia ). According to research by TechCrunch, on the public markets, Tiger has recently bought stakes in Amaxon, Apple and Netflix. Tiger Global has $1 billion in commitments and is reportedly raising another $1.25 billion for a new fund.

With LinkedIn stock still up at $77 at Friday’s close, and the announcement of several more tech IPOs (Groupon, Pandora, and of course the inevitable Facebook IPO), hedge funds are definitely in the mix of tech-focused investors, even as those in and out of the financial markets try to assess for how long this bubble will continue to grow.

SecondMarket, which is home to shares of many tech firms still in early stages, and one of the few places where investors have been able to get their hands on pre-IPO shares of these companies, says that hedge funds have shown consistent interest in utilizing the second market to participate in growth of sectors like the tech story, and that 2011 is not different from the growth in previous years.

"In Q1 t......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed