September 10, 2018 / 4:24 PM / 10 days ago

Hedge fund Tiger Global ups stake in Fiat Chrysler to $1 billion - filing

LONDON (Reuters) - U.S. hedge fund Tiger Global Management has raised its stake in Fiat Chrysler Automobiles (FCHA.MI) to 873.3 million euros (767,919 pounds), a recent filing with the Dutch regulator showed.

Tiger, which runs around $22 billion in assets in under management, increased its stake to 60 million shares on Sept. 3, according to the filing.

Billionaire investor Chase Coleman’s hedge fund previously revealed it had increased its stake to 26 million shares, from 22.1 million shares, in a filing with U.S. regulator the Securities and Exchange Commission.

A spokeswoman for Tiger declined to comment when contacted by Reuters.

Reporting by Maiya Keidan, additional reporting by Svea Herbst-Bayliss; editing by David Evans

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