market folly

Chase Coleman’s hedge fund Tiger Global Management has slightly reduced its position in London listed funeral services company, Dignity (LON: DTY).

Due to trading on April 4th, Tiger Global now hold 5.98% of the voting rights, reduced from their previous 6.69% position. Based on public filings, Tiger Global have been invested in Dignity for several years.

Per Google Finance - “Dignity plc is a United Kingdom-based holding company. The Company, along  with its subsidiaries, is engaged in the provision of funeral services, including funeral directing,  crematoria operation and the marketing and administration of pre-arranged funeral plans. Its  operations are managed across three main areas: funeral services, crematoria and pre-arranged  funeral plans. Funeral services revenues relate to the provision of funerals and ancillary items, such  as memorials and floral tributes. As of December 28, 2011, the Company operated a network of 600  funeral locations throughout the United Kingdom. During the fiscal year ended December 28, 2011,  it conducted 62,300 funerals. Crematoria revenues arise from cremation services and the sale of  memorials and burial plots at the Company's crematoria and cemeteries. It operates 35 crematoria  in England and Scotland. On January 25, 2013, the Company acquired Yew Holdings Limited.”

For more on this hedge fund, we've highlighted some of Tiger Global's other portfolio activity.