Hedge fund Tiger Global raises stake in Fiat Chrysler to $1 billion

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U.S. hedge fund Tiger Global Management has raised their stake in Fiat Chrysler Automobiles (FCA) to 873.3 million euros ($1 billion), a new filing with the Dutch regulator revealed.

Tiger, which operates around $22 billion in assets in under management, boosted its stake to 60 million shares on September 3, as per the filing.

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

A representative for Tiger refused to discuss when contacted by Reuters.

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