Tech, Media & Telecom Hedge Funds ride high with 10.3% surge; Lone Pine, Coatue Capital and Tiger Global claim top spots
|April 12th, 2015||
|The latest Top Technology, Media and Telecom Hedge Fund list has been released, revealing that the top TMT Funds currently manage nearly $143 billion. Overall, the Top TMT Hedge Funds saw their equity assets jump by an impressive $13.4 billion, or 10.3% during this past quarter. |
Twenty-two of the hedge funds on the TMT list saw their assets increase by more than $50 million during the quarter. Leading the gainers are Chase Coleman’s Tiger Global Management (+$1.6B) and Philippe Laffont’s Coatue Capital (+$780M).
Not surprisingly, Manhattan is home to 27 of the top TMT funds. While Manhattan is king, the Bay Area is still very much relevant, claiming the headquarters for 6 of the top hedge funds.
Over the quarter, Steve Mandel’s Lone Pine Capital reclaimed the top spot on the list from Laffont’s Coatue Capital. Greenwich-based Lone Pine had held the top spot early last year, but missed the Q3 2014 ranking when the hedge fund lowered its portfolio allocation of TMT stocks to 47%.
Ranking Methodology: The Top 50 TMT Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The TMT list includes the top hedge funds that have more than 50% of their U.S. equity assets invested in U.S. listed Technology, Media and Telecom companies. To view the Top TMT Hedge Fund list in its entirety, please visit the Top Hedge Fund portal. .
For Detailed Investor Profiles on these Investors, click below: