Latest news with #TigerCubs
Business Insider
3 days ago
- Business
- Business Insider
Tiger Global explains its comeback after its 56% loss in 2022 — and why it sees itself in Rory McIlroy
As Tiger Global nears its 25th anniversary, the New York-based stockpicker is ready to move on from its recent past and return to its roots. The $50 billion manager, founded and run by billionaire Chase Coleman, posted back-to-back annual losses in 2021 and 2022, with the latter being a 56% swoon that brought about "enhanced risk management processes," the firm's investment team told investors in an April letter seen by Business Insider. The results since then: A two-year resurgence for one of the original Tiger Cubs, with gains of 28.5% and 24% in 2023 and 2024, respectively. The letter notes the firm was up 2.5% in its hedge fund in 2025's volatile first quarter. "Regular reviews of market and macro variables," including stress tests of each holding, have helped the firm get back on track and lets the investment team be "intently focused on playing our game — relying on the fundamental research process we have refined over decades, visualizing a wide range of outcomes, and prioritizing resilience across the companies we own," the letter states. The letter notes that the investment team has "stepped up the cadence of internal communication" and become "avid users" of OpenAI's Deep Research agent. Tiger Global is an investor in the AI pioneer. The firm compared its response to its poor stretch to the perseverance of pro golfer Rory McIlroy, the winner of this year's Masters tournament. McIlroy nearly blew a big lead before rallying to win in a do-or-die scenario after a lighthearted pep talk from his caddy. "Like Rory, we expect to make some double bogeys as investors," Tiger's team said, acknowledging that missteps and losses are part of the game. "But by relying on our research process and approaching every day with resilience and a prepared mind, we know we will make many more birdies and eagles over time and hopefully win some more championships along the way." With a "battle-tested" investment approach, the firm told LPs its process can handle the choppiness brought on by tariffs and other geopolitical tremors. "In markets like these, with high volatility and rapidly changing underlying fundamentals, we need to widen our bands on company performance and expect to be wrong on individual ideas from time to time," the letter states. For now, the investment team said that it is "head-down" on executing its process. "We know that doing the deep research to build the conviction to defend positions when they move against us is of paramount importance, so that we maximize returns from being right over the long run."
CNBC
15-05-2025
- Business
- CNBC
Tiger Cub hedge fund Coatue unveils a big stake in popular AI startup IPO
Philippe Laffont's Coatue Management took a sizable stake in Nvidia-backed artificial intelligence infrastructure provider CoreWeave amid the first's highly anticipated March initial public offering. The hedge fund unveiled a $534 million holding in CoreWeave, which in late March had the biggest venture-backed tech IPO for a U.S. company since 2021. On Wednesday, the AI firm reported better-than-expected revenue in the company's first earnings release since going public. CoreWeave also called for faster growth than expected for this year. Laffont, one of the so-called Tiger Cubs who previously worked under the late Julian Robertson at Tiger Management, owned a slew of stocks tied to the AI boom that's been driving the stock market over the past year. Coatue's top holdings included some of the so-called Magnificent Seven stocks such as Meta Platforms , Amazon, Microsoft and Nvidia, while the hedge fund also had a significant stake in Taiwan Semiconductor. Also during the first quarter, the hedge fund built smaller stakes in Carvana , Skyworks Solutions , Pinterest , Tempus AI and Astera Labs .
The Star
05-05-2025
- Entertainment
- The Star
HK stars delight M'sian fans at meet-and-greet
Leung (left) and Lam signing autographs for fans during a meet-and-greet session. — FAIHAN GHANI/The Star HONG KONG actor and entrepreneur Oscar Leung marked his visit to Malaysia with a meet-and-greet session with fans at a mall in Bukit Bintang, Kuala Lumpur. He was joined by Bob Lam, a TV host, emcee and actor also from Hong Kong, for the event where they signed autographs and took photos with fans. Selected fans got to interact with Leung and Lam through fun games. When Lam played a game that required participants to shout out a number while indicating a different number with their fingers, the crowd was captivated. For example, a person would say 'one' while displaying five fingers. Leung singing for his fans. — FAIHAN GHANI/The Star It was a game that required some concentration, as several players ended up shouting and indicating the same numbers. Leung also entertained the crowd with a vocal performance. A dedicated fan surprised Leung with a hand-drawn portrait of the former TVB star. The meet-and-greet session was organised by Lot 10, in collaboration with Lot 10 Hutong and Sichuan-style restaurant The Story of Wharf Hot Pot. Leung and Lam were also in Kuala Lumpur last year for the opening of The Story Of Wharf, which is Leung's first business venture in Malaysia. The 46-year-old Leung is known for his work on dramas such as Tiger Cubs, Line Walker and Flying Tiger during his time with TVB.
Yahoo
21-04-2025
- Business
- Yahoo
The Geo Group Inc. (GEO): Among Billionaire Rob Citrone's Top Stock Picks
We recently published a list of . In this article, we are going to take a look at where The Geo Group Inc. (NYSE:GEO) stands against other billionaire Rob Citrone's top stock picks. Robert K. Citrone is a well-known figure in the financial world. Rob, as many call him, is the co-founder of , a hedge fund that has put the investor on the billionaires' list. Others may remember him as one of the famous Tiger Cubs—former members of Julian Robertson's Tiger Management who went on to establish their own successful hedge funds. Citrone also previously worked with George Soros, Fidelity Investments, and First Boston, where he focused on emerging markets. That focus hasn't wavered since then. Citrone's voice matters a lot in the investment world. This has a lot to do with this hedge fund's performance since its inception. In the last four quarters alone (up to Q4, 2024), for instance, the hedge fund has returned 48.03%. Citrone's fund also managed to almost double its assets under management (AUM) in just one quarter; AUM grew from $0.8 billion in Q3 2024 to $1.5 billion in Q4 2024. The jump reflects a good year in the market, but that is just one way of looking at it. It is also evidence of renewed investor confidence in Citrone's fund after a couple of ups and downs. For instance, the fund experienced negative returns in 2014 and 2015 and managed to reverse the trend in 2016. READ ALSO: Jeff Smith's Top 10 Activist Targets and Their Returns Compared to the S&P 500 and 10 Value Stocks in Ken Fisher's Portfolio. No wonder when Rob speaks, investors listen. And many have been following his comments on the prevailing market conditions, especially after Trump threw global trade in a spin with a salvo of tariffs. Speaking to the Wall Street Journal earlier this month, Citrone regretted not selling more stocks before Trump took on the globe in a trade war. 'I should have sold more,' he said. This comment is rich coming from an investor who has been bearish most of this year. The Tiger Cub trimmed by half his net equity exposure to the United States at the end of January this year. His goal then was to 'get flat to short in the coming weeks primarily in developed markets.' The main reason for the bearish stance was an anticipation of volatility once Trump took office. And it now looks like the billionaire is looking South. Recent reports indicate that Citrone is betting on Argentina. While on a trip to the country, Citrone said that the next ten years 'will be the decade of Latin America and Argentina will lead that process. Milei is a very important example for Latin America, but more than that, he is important for the world and for the United States. That's why we must do everything possible to help Argentina.' But that doesn't mean he has given up on US equities. Citrone expects a shallower recession than previously thought and he believes that there will be 'strong growth in the second half of the year.' This list was compiled by analyzing Discovery Capital Management's Q4 2024 SEC 13F filings. From the 78 holdings, we ranked the stocks based on the value of the billionaire's stake in them. We then picked the top 10 stocks with the highest stake value. We also considered institutional interest in the stocks as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Security guards in uniforms patrolling an area, standing for the company's safe and secure facilities. The Geo Group Inc. (NYSE:GEO) manages detention and correctional facilities. The company operates prisons, detention centers, and reentry centers. It works primarily with the US Immigration and Customs Enforcement (ICE), as well as state prison systems and international governments. The GEO Group, Inc. (NYSE:GEO) is positioned for substantial revenue growth following several contracts so far this year. The company won a 15-year, fixed-price contract from ICE in late February for its 1,000-bed Delaney Hall Facility in New Jersey. The deal is expected to generate over $60 million in annualized revenues in the first full year of operations, and the total contract value is estimated at approximately $1 billion. The following month, Geo Group (NYSE:GEO) secured another contract with ICE to activate its 1,800-bed North Lake Facility in Michigan immediately. The deal is projected to generate in excess of $70 million in annualized revenues. Overall, GEO ranks 8th on our list of billionaire Rob Citrone's top stock picks. While we acknowledge the potential of GEO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GEO but that trades at less than 5 times its earnings check out our report about this READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
21-04-2025
- Business
- Yahoo
Grupo Financiero Galicia S.A. (GGAL): Among Billionaire Rob Citrone's Top Stock Picks
We recently published a list of . In this article, we are going to take a look at where Grupo Financiero Galicia S.A. (NASDAQ:GGAL) stands against other billionaire Rob Citrone's top stock picks. Robert K. Citrone is a well-known figure in the financial world. Rob, as many call him, is the co-founder of , a hedge fund that has put the investor on the billionaires' list. Others may remember him as one of the famous Tiger Cubs—former members of Julian Robertson's Tiger Management who went on to establish their own successful hedge funds. Citrone also previously worked with George Soros, Fidelity Investments, and First Boston, where he focused on emerging markets. That focus hasn't wavered since then. Citrone's voice matters a lot in the investment world. This has a lot to do with this hedge fund's performance since its inception. In the last four quarters alone (up to Q4, 2024), for instance, the hedge fund has returned 48.03%. Citrone's fund also managed to almost double its assets under management (AUM) in just one quarter; AUM grew from $0.8 billion in Q3 2024 to $1.5 billion in Q4 2024. The jump reflects a good year in the market, but that is just one way of looking at it. It is also evidence of renewed investor confidence in Citrone's fund after a couple of ups and downs. For instance, the fund experienced negative returns in 2014 and 2015 and managed to reverse the trend in 2016. READ ALSO: Jeff Smith's Top 10 Activist Targets and Their Returns Compared to the S&P 500 and 10 Value Stocks in Ken Fisher's Portfolio. No wonder when Rob speaks, investors listen. And many have been following his comments on the prevailing market conditions, especially after Trump threw global trade in a spin with a salvo of tariffs. Speaking to the Wall Street Journal earlier this month, Citrone regretted not selling more stocks before Trump took on the globe in a trade war. 'I should have sold more,' he said. This comment is rich coming from an investor who has been bearish most of this year. The Tiger Cub trimmed by half his net equity exposure to the United States at the end of January this year. His goal then was to 'get flat to short in the coming weeks primarily in developed markets.' The main reason for the bearish stance was an anticipation of volatility once Trump took office. And it now looks like the billionaire is looking South. Recent reports indicate that Citrone is betting on Argentina. While on a trip to the country, Citrone said that the next ten years 'will be the decade of Latin America and Argentina will lead that process. Milei is a very important example for Latin America, but more than that, he is important for the world and for the United States. That's why we must do everything possible to help Argentina.' But that doesn't mean he has given up on US equities. Citrone expects a shallower recession than previously thought and he believes that there will be 'strong growth in the second half of the year.' This list was compiled by analyzing Discovery Capital Management's Q4 2024 SEC 13F filings. From the 78 holdings, we ranked the stocks based on the value of the billionaire's stake in them. We then picked the top 10 stocks with the highest stake value. We also considered institutional interest in the stocks as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An elderly couple smiling as they review their retirement accounts, representing the trust that clients have in the bank. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is Argentina's largest financial services company. The company operates Banco Galicia (a major private bank), Naranja X (a fintech platform), Galicia Seguros (insurance services), and Galicia Securities (investment solutions). Grupo Financiero Galicia SA has a Moderate Buy rating based on 1 buy rating and no hold or sell ratings. The average price target is $92.00, indicating a 53.23% increase from the current price of $60.04. In the financial year 2024, Grupo Financiero Galicia's (NASDAQ:GGAL) net income reached 1.6 trillion pesos ($1.33 billion), a remarkable 121% increase from the previous year. The company achieved a 34% return on average equity and a 7% return on average assets for the year. Fourth quarter 2024 results were particularly strong, with net income soaring to 574 billion pesos ($556.78 million), 203% higher year-over-year. This performance was bolstered by significant growth in the company's loan portfolio, with peso-denominated loans increasing by 228.8% compared to the previous year. The successful acquisition of HSBC operations in Argentina has further strengthened Grupo Financiero Galicia's (NASDAQ:GGAL) position as the leading private financial group in the country. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) projects a more modest 15% real return on equity for 2025. This anticipated decline reflects the absence of extraordinary items that boosted 2024 results and the company's focus on successfully integrating the HSBC acquisition. Nonetheless, the company's management forecasts robust growth this year. It expects loans to increase by 50% and deposits by 35%. Overall, GGAL ranks 2nd on our list of billionaire Rob Citrone's top stock picks. While we acknowledge the potential of GGAL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GGAL but that trades at less than 5 times its earnings check out our report about this READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
