market folly

Chase Coleman's hedge fund firm Tiger Global has filed yet another Form 4 with the SEC regarding its position in Apollo Global Management (APO). 

The latest filing shows they were buying on September 7th and 8th at weighted average prices of $28.465 and $28.503.  In total, they bought 253,672 shares.  After these buys, they now own over 34 million shares of APO.

We've highlighted other recent portfolio activity from Tiger Global here.

Per Google Finance, Apollo Global 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."