market folly

Chase Coleman's hedge fund firm Tiger Global has filed a Form 4 and an amended 13G with the SEC regarding its position in Apollo Global Management (APO).  Per the filing, Tiger Global now owns 12.5% of the company with 23.36 million shares.

The Form 4 indicates their recent trading activity includes buying 300,000 APO shares on March 30th at $23.65, 34,900 shares at blended average of $24.022 on March 31st, and then another 26,900 shares on April 3rd at $24.565. 

Per Google Finance, Apollo Global Management is "an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities."