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Tiger Global to Revamp Management

By Tony Seruga

Tiger Global Management, which has risen to prominence by investing in start-ups, will change its leadership as two executives depart, the firm told investors in a letter on Monday.

One of the firm’s investment heads, Feroz Dewan, will leave at the end of June to set up his own investment firm, according to the letter. Another partner, Caleb Watts, will also leave next month to focus on managing his fortune.

The moves will lead to one of the biggest reorganizations at Tiger Global since its founding in 2001. Mr. Dewan, who joined the firm in 2003, oversaw its roughly $6 billion hedge fund business and led one of two “long-only” funds that invests in public stocks…

Tiger Global to Revamp Management

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