World News: 22:23 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
After dumping shares of Facebook Inc, Apple Inc, Amazon.com Inc, Netflix Inc and Alphabet Inc - the FAANG components - prominent hedge fund managers including Tiger Global Management LLC have moved back into the popular group. Tiger, managed by Chase Coleman, boosted its Facebook stake by 64.5% to 8.8 million class A shares during the first quarter, according to a filing with the Securities and Exchange Commission.
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