Investing
Tiger Global’s Coleman Regains Control of Venture Unit After Losses, Client Complaints
- Scott Shleifer to remain with firm as partner, senior adviser
- JPMorgan wealth clients among those upset with performance
Months before Scott Shleifer stepped down as head of Tiger Global Management’s private investments, Chase Coleman had already begun to reclaim control of the firm’s $34 billion venture-capital arm.
The founder sought more communication from Shleifer and his team and held meetings to discuss how to proceed after they plowed billions of dollars of client cash into hundreds of startups — just ahead of an industrywide slump. Coleman also spent this year engaging more with clients and founders of the firm’s portfolio companies.