market folly

Chase Coleman's hedge fund firm Tiger Global has filed a 13G with the SEC regarding shares of Bright Scholar Education (BEDU).  Per the filing, Tiger now owns 5.8% of the company with over 1.57 million shares. 

The filing was made due to portfolio activity on February 28th.  They did not show an equity stake at the end of 2017 in their most recent 13F filing.

For more on this fund, we highlighted other recent portfolio activity from Tiger Global here.

Per Google Finance, Bright Scholar Education is "an operator of international and bilingual K-12 schools in China. The Company is engaged in providing international education to Chinese students. Its schools comprise international schools, bilingual schools and kindergartens. It offers a broad range of internationally-accredited curricula at its international schools. It also offers a range of complementary education services, including overseas camps and after-school programs. As of February 28, 2017, the Company had six international schools, which focus on internationally-accredited curricula and offer extracurricular activities and programs; 11 bilingual schools, which provide government-mandated curricula and developing students’ English proficiency; and 34 bilingual kindergartens, including 11 that deliver international curricula. As of February 28, 2017, the Company operated 51 schools."