A spokesman for Barclays declined to comment on the stake purchase by Tiger Global Management. Photo: BloombergLondon: Tiger Global Management Llc has amassed a stake of about $1 billion in Barclays Plc, according to a person with knowledge of the hedge fund’s investment. The purchase makes Tiger Global a top 10 investor in Barclays, the person said. A spokesman for Barclays declined to comment, while officials for Tiger Global in New York could not be reached outside regular business hours on Monday. Tiger Global, headed by former Julian Robertson protege Chase Coleman, bought some of its stake in Barclays when the bank’s shares slumped to a 52-week low of less than 180 pence in November, the person said.

Source: Mint January 22, 2018 13:52 UTC