market folly

Per the FT, Chase Coleman's hedge fund firm Tiger Global has reportedly taken a stake in Barclays (BCS) worth around $1 billion, but this position hasn't been publicly disclosed.  Reportedly, the fund acquired around a 2.5% stake in November when Barclays shares were in the doldrums. 

Based on Tiger's last 13F filing (as of Q3 2017), this would make it around their fourth, fifth, or sixth largest holding, depending on just how large the stake is and if they've adjusted position sizes in other holdings.

This would also be their second major investment in the financial space as of late, as they also built up a stake in private equity firm Apollo (APO) throughout 2017.

Barclays' CEO, Jes Staley, has been focusing on their US-focused investment bank and UK-focused consumer banking segment. 

Per Yahoo Finance, Barclays is "provides various financial products and services worldwide. It offers personal and business banking services, credit cards, transactional and other lending products, and investment products and services. The company also provides financial advice, primary capital raising and capital markets execution, risk and liquidity management, sales and trading, consumer payments, and wealth management services. It serves corporates, financial institutions, institutional investors, governments, consumers, high and ultra-high net worth individuals, and family offices. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom."