A descendant of the last Dutch governor of New York has been named the world’s top-earning hedge fund manager for 2020 after adding $3 billion to his fortune in just one year. Chase Coleman III, who is related to Peter Stuyvesant who governed New York in the 1600s, was No. 1 on Bloomberg ‘s annual list of the top-earning hedge fund managers. Collectively, the 15 hedge fund managers on the list added $23.2billion to their personal fortunes in a year that saw the global economy battered by the coronavirus pandemic and accompanying lockdowns – more than the annual GDPs of Iceland or Zambia. Coleman, who runs a hedge fund called Tiger Global that focuses on tech companies, benefited from bets placed on companies that ended up soaring during the pandemic. Some of his well-timed holdings? Pandemic darlings Zoom, which has gained 390 percent over the past year and Peloton, which is up more than 118 percent over the same time frame. Chase Coleman III (left) topped Bloomberg ‘s annual list of the top hedge fund 15 earners of 2020, making $3billion, according to the outlet’s Billionaires Index. Pictured: Coleman and his wife, Stephanie, at a fundraiser in New York in 2016… Read full this story
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Pandemic profits: Descendant of last Dutch governor of NY Peter Stuyvesant made $3BILLION last year betting on companies - including Peloton and Zoom - that have soared in last 12 months have 229 words, post on www.dailymail.co.uk at February 11, 2021. This is cached page on Europe Breaking News. If you want remove this page, please contact us.