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Hedge funds are the new venture firms

Booming Silicon Valley prompts many to ditch traditional investing strategies.
Saturday, April 9, 2016 - 05:50

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FINTECH CAPITALISTS: The initial flood of money into Silicon Valley fintech startups from hedge funds started in 2012 and was focused on marketplace lending. Now, this money is starting to move into other fintech areas like insurance and management systems.

IN Silicon Valley, hedge funds with billion-dollar reserves are becoming the new venture capitalists.

Tiger Global, a US$20 billion investment firm started by Chase Coleman as a hedge fund, is one of three investors that has helped Nubank, a digital finance company in Brazil, raise tens

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