08/01/2012

Former Tiger Global Exec Readies for Launch

A former Tiger Global Management executive is laying the groundwork for his own hedge fund.

Amit Doshi, who left Chase Colemanís New York firm in April, is tentatively scheduled to launch around yearend. Presumably, the fund will target a mix of public and private equity investments, echoing the strategy of Tiger Global. Doshiís resume combines experience in hedge funds as well as private equity. Prior to joining Tiger Global in 2008, he worked at buyout shop Madison Dearborn Partners of Chicago. His title at Tiger Global was managing director.

Tiger Global had $13.8 billion under management at the start of the year. Its flagship fund gained a whopping 45% in 2011, compared to an 8.3% loss for the HFRI Equity Hedge (Total) Index. The firmís investment team numbers about 23, out of a total staff of 56. Coleman was a portfolio manager at Julian Robertsonís Tiger Management before launching his own fund in 2001.

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