The Fabulous Life Of Chase Coleman: The World’s Most Profitable Hedge Funder In 2011

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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.

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[slide
permalink=”coleman-grew-up-in-one-of-americas-wealthiest-zip-codes-1″
title=”Coleman grew up in one of America’s wealthiest zip codes.”
content=”Coleman was raised in Glen Head, an affluent area on New York’s Long Island.

Source: Bloomberg Markets Magazine
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[slide
permalink=”his-father-is-a-corporate-attorney-and-his-mother-is-an-interior-designer-2″
title=”His father is a corporate attorney and his mother is an interior designer.”
content=”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.”
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[slide
permalink=”fun-fact-coleman-is-a-descendant-of-peter-stuyvesant-the-last-dutch-governor-of-new-york-3″
title=”Fun Fact: Coleman is a descendant of Peter Stuyvesant, the last Dutch governor of New York.”
content=”You might remember from history class, that Stuyvesant is the man who built the wall that Wall Street is named after.

Source: Bloomberg Markets Magazine
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[slide
permalink=”he-went-to-boarding-school-in-massachusetts-4″
title=”He went to boarding school in Massachusetts.”
content=”He went to elite prep school Deerfield Academy in Massachusetts.

Source: Bloomberg Markets Magazine
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[slide
permalink=”and-then-to-the-same-college-as-his-grandfather-5″
title=”And then to the same college as his grandfather.”
content=”Coleman, who played on the lacrosse team, graduated from Williams College in 1997 with a degree in Spanish and Economics.

Source: Bloomberg Markets Magazine
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[slide
permalink=”after-leaving-williams-he-became-a-tiger-6″
title=”After leaving Williams, he became a Tiger.”
content=”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.

Source: Bloomberg Markets Magazine
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[slide
permalink=”then-set-off-with-25-million-from-robertson-to-start-his-own-shop–he-became-a-so-called-tiger-cub-7″
title=”Then set off with $25 million from Robertson to start his own shop — he became a so-called “Tiger cub””
content=”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
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[slide
permalink=”hes-done-a-lot-with-robertsons-investment-8″
title=”He’s done a lot with Robertson’s investment.”
content=”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.

Source: Bloomberg Markets Magazine
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[slide
permalink=”he-has-a-stellar-resume-as-well-9″
title=”He has a stellar resume as well.”
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[slide
permalink=”heres-a-shot-of-his-funds-latest-13f-regulatory-filing-10″
title=”Here’s a shot of his fund’s latest 13F regulatory filing.”
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[slide
permalink=”as-for-his-personal-life-7-years-ago-he-married-a-pretty-blonde-named-stephanie-ercklentz-11″
title=”As for his personal life, 7 years ago he married a pretty blonde named Stephanie Ercklentz.”
content=”The couple was married in 2005 at the Church of Bethesda-by-the-Sea in Palm Beach.

Source: Bloomberg Markets Magazine
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[slide
permalink=”she-comes-from-money-too-12″
title=”She comes from money, too.”
content=”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.

Source: Bloomberg Markets Magazine
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[slide
permalink=”now-they-live-in-a-lavish-apartment-13″
title=”Now they live in a lavish apartment.”
content=”The couple paid $36.5 million for two apartments in a building on Fifth Avenue in Manhattan, the report said.

Source: Bloomberg Markets Magazine
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[slide
permalink=”with-the-money-that-hes-earned-coleman-has-become-an-important-supporter-of-the-republican-party-14″
title=”With the money that he’s earned, Coleman has become an important supporter of the Republican party.”
content=”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.”
image=”http://static.businessinsider.com/image/4f03656f6bb3f75e1f000013″
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[slide
permalink=”it-all-sounds-fabulous-but-just-like-anyone-hes-had-his-up-and-his-downs-15″
title=”It all sounds fabulous, but just like anyone, he’s had his up and his downs.”
content=”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.

Source: Bloomberg Markets Magazine
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[slide
permalink=”in-case-you-missed-it-16″
title=”In case you missed it…”
content=”Check Out The Top 25 Best Performing Hedge Funds In The World >>
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