From the Wall Street Journal via Dealbreaker:

Charles “Chase” Coleman, the hedge-fund manager famed for his early bets on startups including Facebook Inc. and Zynga Inc., has suffered big losses this year as the technology boom wanes, according to people familiar with the matter. Mr. Coleman’s Tiger Global hedge fund plunged 22% in the first quarter, making it one of the industry’s worst performers this year, the people said. The losses amount to more than a billion dollars on paper for Tiger Global’s hedge fund, and potentially more for its larger private-equity and venture-capital operation…A former Williams College lacrosse player and a descendant of New York founder Peter Stuyvesant, Mr. Coleman got a job working for hedge-fund veteran Julian Robertson, who was the father of one of his childhood friends. He later struck a deal with Mr. Robertson for financial backing to start his own firm in 2001 in exchange for a cut of fees earned going forward.

Not the sort of news that Adam Falk wants to read about during a capital campaign! Fortunately, Coleman is so wealthy that the amount he gives to Williams (and I am sure they are hoping for a check of $50 to $100 million) won’t be affected much by this set back.

Viva the 0.001%!

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