Charles Payson Coleman III, who goes by “Chase,” was born into so-called “old money” and he’s made himself quite a bit of new money as well.
The 36 year-old hedge fund manager ran 2011’s most profitable hedge fund amid volatile markets and economic turmoil, according to Bloomberg Markets Magazine.
His so-called “Tiger cub” Tiger Global long/short equity fund, which is also managed by Feroz Dewan with approximately $6 billion AUM, had an astonishing 2011 total return of 45%, according to the report.
What’s more is the young hedge fund manager surpassed a field of veteran hedge funders such as John Paulson, Ken Griffin, Robert Mercer and Peter Brown.
There’s no denying it. Coleman, who lives in a swanky Manhattan apartment and is married to a wealthy and attractive blonde, has lived a more privileged life than others, but he’s made stellar returns with the things he’s been given.
Coleman's father is a partner at corporate law firm Pillsbury Winthrop Shaw Pittman LLP in New York, Bloomberg Markets reported. His mother owns an interior design business.
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 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.
According to Bloomberg Markets, Coleman has built a $10 billion firm.
Much of this is because of his early investments in Internet companies such as Facebook and Zynga, the report said.
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.
He's a supporter of the Republican Party.
Coleman donated $30,800 to the National Republican Senatorial Committee and he's given at least $5,000 to Republican frontrunner Mitt Romney, the report said.