Turns out Chase Coleman wasn’t the only Tiger Global-linked financier to put down stakes on Malibu’s exclusive Point Dume. Records indicate Colter Van Domelen, a former star analyst at Coleman’s struggling hedge fund, paid $13.6 million — in cash — for a sumptuous estate in the neighborhood, a few months after his former boss dropped an impressive $56 million on two separate Point Dume homes.
Van Domelen was regarded as something of a finance wunderkind. Now 35, the Colorado native was heading up research for the firm’s technology portfolio while still in his 20s, which included massive stakes in Amazon, Zoom, Facebook and a host of other tech juggernauts. His obvious success helped make his employer one of the world’s biggest and most profitable hedge funds.
Unfortunately, Tiger Global flew a little too close to the sun and had its wings clipped — or its paws declawed, if you will. Per the Wall Street Journal, overall holdings are down well over 50% from last year’s peak, one of the biggest losses ever seen for a hedge fund. The same huge tech bets that made Tiger a soaring success have also brought it to its knees, wreaking absolute chaos on investors’ portfolios.
In any case, Van Domelen, who is no longer with Tiger Global, and his wife Brittany are a world apart from those troubles at their new Malibu estate. The lavish property was long owned by Michaeline DeJoria, a daughter of haircare billionaire John Paul Dejoria. Michaeline sold the Point Dume property in 2020 for $8.1 million to Daniel Starr, the same tech entrepreneur and real estate investor who recently owned a lovely Montecito estate and also sold a $14 million Beverly Hills home to Rihanna. Starr gave the Point Dume house a light renovation before reaping bountiful profits, flipping the place to Van Domelen for $5.5 million more than what he paid less than two years ago.
Originally built in 1980, the Spanish hacienda-style estate has been remodeled many times over…